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Nasdaq, S&P Futures Plunge As Credit Suisse Crisis Deepens, Bringing Banks Back In Spotlight

The euphoria over Tuesday’s inflation numbers has apparently given way to skepticism, with index futures retreating sharply early Wednesday. Traders get to digest another set of key economic data points to make their conclusions about Fed’s potential March move. Cues From Tuesday’s Trading:

ADBE

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Ucloudlink Group Q4 Adj. EPADS $0.04 Up From $(0.20) YoY, Sales $19.61M Up From $17.57M YoY

Ucloudlink Group (NASDAQ: UCL) reported quarterly earnings of $0.04 per ADS. This is a 120 percent increase over losses of $(0.20) per ADS from the same period last year. The company reported $19.61 million in sales this quarter. This is a 11.62 percent increase over sales of $17.57 million the same period last year.

UCL