First Republic, PacWest rise premarket; United Airlines, BuzzFeed fall

By Scott Kanowsky

Investing.com -- Stocks in focus in premarket trade on Tuesday, March 14th. Please refresh for updates.

• Shares in regional U.S. banks rose, but any rebound hopes were tempered by a warning from Moody's Investor Service about the stability of their funding bases and the paper losses that have accumulated in their bond portfolios. First Republic Bank (NYSE: FRC), Western Alliance Bancorporation (NYSE: WAL), Comerica Inc. (NYSE: CMA), KeyCorp (NYSE: KEY), Zions Bancorporation (NASDAQ: ZION) and PacWest Bancorp (NASDAQ: PACW) all rallied.

• Larger banks, including Bank of America (NYSE: BAC), Wells Fargo & Company (NYSE: WFC) and Morgan Stanley (NYSE: MS), also climbed.

• BuzzFeed, Inc. (NASDAQ: BZFD) shares dipped after the digital news site said much of its cash had been held by failed lender Silicon Valley Bank.

• Ride-sharing apps Uber Technologies, Inc. (NYSE: UBER) and Lyft, Inc. (NASDAQ: LYFT), as well as delivery service DoorDash, Inc. (NYSE: DASH), all saw their shares rise in premarket U.S. trading on Tuesday after a California appeals court ruled that the companies can continue to treat their workers as independent contractors.

• United Airlines Holdings, Inc. (NASDAQ: UAL) shares slumped after the carrier flagged that it expects to report a loss in the first quarter because of costs related to a deal with the pilots union and weaker travel demand at the beginning of 2023.

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