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March 28, 2023
(Bloomberg) -- US stocks were little changed and Treasuries edged lower as uncertainty over the path of the Federal Reserve’s interest-rate hikes continued to plague markets in the wake of three US bank collapses. St. Louis Fed President James Bullard said “appropriate monetary policy can continue to put downward pressure on inflation” despite the turmoil. Meanwhile, US consumers appear to have shrugged off the bank failures, with the latest consumer confidence figures unexpectedly higher....
March 28, 2023
(Bloomberg) -- A slide in technology shares halted a three-day advance in US stocks as investors continued to recalibrate bets on the Federal Reserve’s path forward on interest rates. Treasuries drifted lower. The Nasdaq 100 slumped 0.5% — paring a March advance to 4.7% — with tech stalwarts from Apple Inc. to Alphabet Inc. among the biggest drags. Tech stocks had found favor in recent weeks with the rotation out of financials following the collapse of three US banks. However, the trade ha...
March 28, 2023
(Bloomberg) -- US stocks were little changed and Treasuries edged lower as uncertainty over the path of the Federal Reserve’s interest-rate hikes continued to plague markets in the wake of three US bank collapses. St. Louis Fed President James Bullard said “appropriate monetary policy can continue to put downward pressure on inflation” despite the turmoil. Meanwhile, US consumers appear to have shrugged off the bank failures, with the latest consumer confidence figures unexpectedly higher....
March 28, 2023
(Bloomberg) -- A slide in technology shares halted a three-day advance in US stocks as investors continued to recalibrate bets on the Federal Reserve’s path forward on interest rates. Treasuries drifted lower. The Nasdaq 100 slumped 0.5% — paring a March advance to 4.7% — with tech stalwarts from Apple Inc. to Alphabet Inc. among the biggest drags. Tech stocks had found favor in recent weeks with the rotation out of financials following the collapse of three US banks. However, the trade ha...
March 27, 2023
(Bloomberg) -- US stocks pared gains while bonds slid as the banking sector bounced off recent lows on the prospect of further support from US authorities. The S&P 500 pulled back from an as much as 0.8% climb while a banking sector rebound eased. The policy-sensitive Nasdaq 100 reversed early gains. First Citizens BancShares Inc. led a rally in regional lenders after agreeing to buy SVB Financial Group’s Silicon Valley Bank. First Republic Bank jumped on a Bloomberg report that US authorities...
March 27, 2023
(Bloomberg) -- US stocks pared gains while bonds slid as the banking sector bounced off recent lows on the prospect of further support from US authorities. The S&P 500 pulled back from an as much as 0.8% climb while a banking sector rebound eased. The policy-sensitive Nasdaq 100 reversed early gains. First Citizens BancShares Inc. led a rally in regional lenders after agreeing to buy SVB Financial Group’s Silicon Valley Bank. First Republic Bank jumped on a Bloomberg report that US authorities...
March 27, 2023
(Bloomberg) -- Gains in financial shares lifted US stocks, while Treasuries retreated as fears of broader contagion from the banking turmoil eased. Tech shares slumped after last week’s rally. The S&P 500 rose on Monday, with financial firms in the index up more than 1%. Energy producers also advanced. The tech-heavy Nasdaq 100 ended the session 0.7% lower capping a two-week advance. The two-year Treasury yield headed topped 4%. A gauge of regional lenders climbed roughly 2.5% as First Citizen...
March 1, 2023
Bears Have the Advantage, but Bulls Are Digging Deep for a Positive Catalyst
December 20, 2022
US stocks climbed as shares of major technology companies rose and investors parsed data that showed Federal Reserve tightening is hitting the economy. Treasuries dropped after a sudden hawkish move from the Bank of Japan sent the yen soaring and raised expectations it would join its peers else...
December 19, 2022
Bitcoin fell 0.3% to $16 706.32.