[ad_1] Traders on the floor of the NYSE, May 17, 2023. Source: NYSE Stocks rose Wednesday as investors hoped congressional leaders and President Joe Biden could come to a deal on the U.S. debt ceiling and avoid a catastrophic default. The Dow Jones Industrial Average traded 415 points higher, or 1.26%.The S&P 500 gained about … Read more
[ad_1] Traders on the floor of the NYSE Source: NYSE U.S. stock futures were higher Friday as regional banks rebounded and traders tried to end a volatile week on a high note. Dow Jones Industrial Average futures rose 116 points, or 0.4%. S&P 500 and Nasdaq 100 futures climbed 0.3% and 0.1%, respectively. Regional banks … Read more
[ad_1] For the immediate economic and earnings and growth outlook, it almost seems irrelevant whether regional bank stocks rally, steady or sell off more next week. Regional banks were top of mind for investors this past week, as First Republic failed , the SPDR S & P Regional Banking ETF tumbled more than 10% — … Read more
[ad_1] S&P 500 futures were higher early Thursday after the Federal Reserve hiked rates by another 25 basis points, even as investors’ fears of contagion in the regional bank space returned. Futures linked to the broad-market index rose 0.19%. Futures linked to the Dow Jones Industrial Average gained 48 points, or 0.14%, as Nasdaq 100 … Read more
[ad_1] The sale of failed Silicon Valley Bank (SVB) to a regional US peer and reports of a possible expansion of funding lifelines lifted banking stocks on Monday, easing worries about systemic stress and a looming credit crunch.The sudden collapse of tech-focused SVB earlier this month has triggered the worst banking shock since the 2008 … Read more