The US stock market suffered a setback on Friday as investors grew increasingly concerned about the impact of the banking sector’s turmoil on the global economy. However, amidst this tumultuous week for global markets, technology stocks emerged as the beneficiaries …
On Thursday, US stocks saw a surge in prices following the announcement that a rescue package had been secured for First Republic Bank. This news sparked a rebound in shares of embattled regional lenders, which had previously tumbled more than …
Following the recent collapse of several American regional banks and the Credit Suisse Group AG crisis, investors have begun to recall memories of the 2008 financial crisis. Speculation is rife that major central banks may need to provide liquidity support …
US stocks surged in the closing hours of trading on Tuesday, with traders confident that the worst of the banking turmoil was over. The KBW Bank Index gained 3.2% but remained fragile, with rating companies offering negative remarks on the …
The US stock market experienced fluctuations on Monday, marked by oscillations between gains and losses. A sudden drop in the yield on the two-year Treasury note was one of the reasons for this. The drop was significant, its largest in …
The US stock market experienced its worst week since September. Silicon Valley Bank’s financial troubles sparked concerns about further distress in the banking industry amid the Federal Reserve’s most-aggressive tightening campaign in a generation. Despite reassurances from experts that a …
On Thursday, the US equity market took a turn for the worse as concerns grew over trouble in the banking sector and investors braced for Friday’s payrolls report. Weekly jobless claims, released on Thursday, surpassed expectations and marked the first …
On Wednesday, the US equity market experienced volatility despite the reassurance from Fed chief Jerome Powell that the central bank is not seeking to cause a recession and that no decision has been made on the size of a rate …
Jerome Powell’s hawkish rhetoric triggered a surge in Federal Reserve rate expectations, sparking concerns of a potential recession and causing a sell-off in the riskier segments of the market, resulting in Wall Street experiencing a reality check. During a Senate …
The US stock market struggled to make gains due to concerns that a recent surge in prices may be overblown, given ongoing economic risks. The fate of the 2023 stock market recovery hinges on four major events before the Federal …
