Tag: NASDAQ composite index
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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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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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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 […]
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The stock market faces a crucial test this week: 3 questions to determine the fate of the rally
There will be no rest this week for investors awaiting a major report on the state of the US job market, along with the biennial congressional testimony from Federal Reserve Chairman Jerome Powell. To complicate matters, investors will also be watching to see how stocks react to more attractive risk-free yields in the bond market […]
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Inflation data pushed 10-year Treasury rates above 4%. How much higher can interest rates go?
Signs of continued strength in the US labor market plus continued inflation from Europe were all bond investors needed this week to push rates to new milestones as rate expectations continue to be revised. The yield on 10-year government bonds TMUBMUSD10Y Thursday’s US session finished above 4% for the first time since November and was […]
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Stocks post worst day of 2023 as rising interest rates contribute to ‘perfect storm’
Rising government bond yields finally appeared to be catching up with a previously resilient stock market on Tuesday, leading the Dow Jones Industrial Average and other major indices to pull off their worst day yet of 2023. “Returns are shooting all over the curve…This time around, it looks like market rates are catching up with […]