Posted: March 20, 2023 3:14 PM ET Risky debt issued by several European banks in response to the 2008 global financial crisis was under heavy pressure in New York trading on Monday after regulators orchestrated a sale from Credit Suisse to UBS, triggering a historic writedown in specialty bonds the process. Debt issued by Barclays … Read more
As of 4 p.m. ET, the Dow Jones Industrial Average added about 380 points, or 1.2%, and the S&P 500 rose 0.9%. The technology-focused Nasdaq Composite climbed 0.4%. The indices fell on Friday but have been relatively insulated from the banking crisis so far. Authorities sought to stem a dangerous decline in confidence in the … Read more
A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
U.S. stocks could see increasingly wild swings in the coming days as options contracts tied to trillions of dollars worth of securities are due to expire on Friday, removing a buffer that some say helped thwart the index S&P 500 to break out of a tight trading range. . Options contracts worth $2.8 trillion set … Read more
After a frantic weekend of regulators to the rescue that sparked a rally for US stock futures on Sunday night, the mood turned more cautious, with the exception of tech futures still celebrating. Is that many banks are in the red before the opening on Monday. Nervous investors may be wary of more shoes dropping … Read more
Saudi Arabia’s national oil company posted a record $161 billion annual profit for 2022, the largest ever by an energy company, bolstering the kingdom’s coffers as it seeks to showcase its trade and foreign policy ambitions global markets and to limit its heavy dependence on oil. Saudi oil Co. 2222 1.23% known as Aramco, said … Read more
Posted: March 10, 2023 1:34 PM ET Bitcoin saw its losses deepen on Friday, falling below $20,000 for the first time since January, as investors fret over contagion from Silicon Valley Bank, which was shuttered by regulators and taken over by the Federal Deposit Insurance Corp. days after crypto-friendly Silvergate Bank said it would cease … Read more
U.S. stocks fell slightly on Wednesday — before rallying — as investors analyzed a second day of congressional testimony from Federal Reserve Chairman Jerome Powell and considered another signal of a boiling labor market. The S&P 500 closed 0.14% higher, while the Dow Jones Industrial Average slipped 0.18%. The Nasdaq Composite rose 0.4% Stocks fell … Read more
Persistent inflation and fears of rising interest rates pushed the 10-year Treasury yield above 4% on Wednesday, marking another acceleration for a historic bond market rout. The rise took the key measure of borrowing costs back to the more than ten-year highs reached last year. Boosting the latest leg: a string of strong economic data … Read more
U.S. stocks fell on Friday, posting their worst weekly performance of the year, as warm economic data rekindled concerns about the Federal Reserve’s tight policy. The S&P 500 fell 42.28 points, or 1.1%, to 3,970.04. The tech-heavy Nasdaq Composite fell 195.46 points, or 1.7%, to 11,394.94. The blue-chip Dow Jones Industrial Average fell 336.99 points, … Read more
