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US Futures, Europe Stocks Waver as Banks in Focus: Markets Wrap - Vimarsana News

US Futures, Europe Stocks Waver as Banks in Focus: Markets Wrap

(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. The S&P 500 drifted lower, snapping a three-day advance, while the two-year Treasury yield held jus...

US Stocks Decline as Treasuries Churn; Dollar Dips: Markets Wrap - Vimarsana News

US Stocks Decline as Treasuries Churn; Dollar Dips: Markets Wrap

(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 has started to unwind with increased speculation turbulence in the banking sector will be contained. T...

Stocks Pare Loss as Bonds Edge Lower; Dollar Dips: Markets Wrap - Vimarsana News

Stocks Pare Loss as Bonds Edge Lower; Dollar Dips: Markets Wrap

(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. The S&P 500 drifted lower, snapping a three-day advance, while the two-year Treasury yield held jus...

Stocks Fall as Tech Rotation Falters; Bonds Dip: Markets Wrap - Vimarsana News

Stocks Fall as Tech Rotation Falters; Bonds Dip: Markets Wrap

(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 has started to unwind with increased speculation turbulence in the banking sector will be contained. T...

US Futures Rise as Banks Rally; Treasuries Dip: Markets Wrap - Vimarsana News

US Futures Rise as Banks Rally; Treasuries Dip: Markets Wrap

(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 are considering expanding an emergency lending facility that would give the lender more time to bol...