Tag: Dow Jones Industrial Average
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Why the stock market is looking past the worst banking mess since 2008 — for now
Judging by major indices, it will take more than the Federal Reserve to raise interest rates amid the worst banking mess since the 2008 financial crisis before stock market investors lose their cool. “Investors are broadly assuming that regulators will step in and shield the industry if they need to, which is what prevents it […]
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Financial instability as the biggest market risk: Wells Fargo
A major Wall Street firm ranks financial instability over inflation as the biggest economic risk for the next three months. In an interview following the Federal Reserve’s quarter-point rate hike, Michael Schumacher of Wells Fargo Securities suggested that policymakers are underestimating how quickly tightening credit conditions could hurt the economy. “The Fed doesn’t give enough […]
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Top 10 things to watch Monday: Banks, Nvidia, Starbucks
Top 10 things to watch Monday, March 20 1. Wall Street looks stable at the start of the week and ahead of the Fed’s interest rate decision Wednesday afternoon after the meeting. The market estimates about a 60% chance of a rate hike by a quarter point and a 40% chance of no hike as […]
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From the sudden collapse of the SVB to the consequences of Credit Suisse: 8 charts show turbulence in the financial markets
A tumultuous week in US financial markets ended on an uncertain note Friday after a massive $30 billion injection of large bank deposits into First Republic Bank failed to appease investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – concerns about weakness in […]
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5 things you need to know before the stock market opens on Friday, March 17
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 16, 2023. Brendan McDermid | Reuters Here are the most important news items investors need to start their trading day: It looks like major stock averages may be moving ahead this week, on pace for a winning week […]
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Credit Suisse borrows up to about $54 billion from the Swiss National Bank
Credit Suisse will borrow up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a secured loan facility and a short-term liquidity facility. The measures come after shares of the lender fell sharply on Wednesday after top investor Saudi National Bank said it would be unable to provide further assistance. People […]
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Jitters in the banking sector could spell more pain for stocks as the Fed’s battle with inflation continues
Aftershocks from the collapse of three US banks in less than a week could hurt stocks even more in the coming weeks by creating new obstacles for the Federal Reserve in its fight against inflation, market strategists say. U.S. authorities, including the Fed, Treasury and Federal Deposit Insurance Corp., jointly announced Sunday evening that Signature […]
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Bitcoin Tanks as Silicon Valley Bank Collapse Fuels Contagion Fears
Published: March 10, 2023 at 1:34 PM ET Bitcoin saw its losses widen on Friday, dropping below $20,000 for the first time since January as investors worry about the spread of contagion from Silicon Valley Bank, which was shut down by regulators and acquired by the Federal Deposit Insurance Corp., days after the crypto-friendly Silvergate […]
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Bond market recession gauge dips further into triple digits below zero after hitting four-decade milestone
One of the bond market’s most reliable indicators of impending recessions in the US dipped further into triple-digit negative territory on Wednesday, as Federal Reserve Chairman Jerome Powell reiterated the need for higher interest rates and a possible acceleration in the pace of bond yields. the interest rate hikes. The much-tracked spread between 2- and […]