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US Stocks Mixed: Banks Rally While Tech Falls On Less Dovish Fed, Analyst Warns 'No News Would Be Good News'
Monday, March 27, 2023 - 12:22pm | 1402Overall risk sentiment is picking up after fears of a systemic financial crisis have relaxed. Overnight, First Citizens Bancshares Inc.’s (NASDAQ: FCNCA) announced the buyout of Silicon Valley Bank, easing concerns about the banking sector's stability. Regional bank...
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US Stocks Cautiously Rebound Amid Positive Economic Data Following Banking Stocks Selloff
Friday, March 24, 2023 - 1:20pm | 1384Uncertainty is dominating the market Friday, with renewed concerns over the health of the financial sector. The selloff of Deutsche Bank AG (NYSE: DB) resulted in significant losses for European bank shares, and risk aversion later expanded to U.S. financial institutions. Investors continued...
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S&P 500 Rebounds; Tech, Gold, Bitcoin Rally As Investors Bet On Fed Pause In May
Thursday, March 23, 2023 - 1:26pm | 1359Risk appetite sharply recovered on Thursday amid increased expectations of a Fed rate pause in May. This helped to alleviate fears raised by Treasury Secretary Janet Yellen's rejection of complete protection on bank deposits. Cues From Wednesday’s Trading: Negative pressure on the U...
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S&P 500, Nasdaq, Dow Pause As Investors Await FOMC Decision: Analyst Sees Powell Bringing Relief To Market
Wednesday, March 22, 2023 - 12:35pm | 1443Following days of strong gains, the stock market is having a quite session, as investors await the FOMC's monetary policy announcement later in the day. The market has nearly fully discounted a 25-basis-point hike today, but the attention will be on the Fed's future rate guidance...
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S&P 500 Hits 4,000, Bank Stocks Soar, Treasury Yields Rise, As Worries Over Banking Crisis Ease – Traders Await FOMC
Tuesday, March 21, 2023 - 6:47am | 1577It's a day of deep risk-on in markets, with stocks posting strong gains, bonds and gold plunging as Treasury yields climbed, after Treasury Secretary Janet Yellen injected confidence into the banking system. The Treasury Department is also reportedly considering options to temporarily...
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Nasdaq, S&P 500, Dow Move Higher On Central Bank Liquidity Boost: Analyst Says Potential Relief Rally On Horizon
Monday, March 20, 2023 - 12:29pm | 1542The risk mood on Wall Street recovered Monday, with major equity indices posting gains. Some of the positive sentiment is attributable to the coordinated action announced by five of the world’s biggest central banks to ease liquidity strains. Cues From Past Week’s Trading:...
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Markets Dip, Signaling Pause In Rally As Focus Shifts To Next Week's Fed Decision: Analyst Says Brace For More Volatility Near Term
Friday, March 17, 2023 - 1:07pm | 1073Risk aversion escalated on Wall Street Friday, with all major indices trading in the red, as investors remain skeptical about the stability of the banking sector in the wake of recent turmoil in the U.S. and Europe. Cues From Friday's Trading: First Republic Bank (NYSE: FRC) plummeted...
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US Stocks Poised For Mixed Start As Banking Crisis Continue To Play Out: Focus Shifts To Data, ECB Decision
Thursday, March 16, 2023 - 6:45am | 1360Indecision is writ all over the face of the market despite Wednesday's late-session recovery attempt. Shares of Credit Suisse Group AG (NYSE: CS), which dragged the broader market lower in the previous session, are rebounding strongly after the bank announced mitigatory measures and...
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Nasdaq, S&P Futures Plunge As Credit Suisse Crisis Deepens, Bringing Banks Back In Spotlight
Wednesday, March 15, 2023 - 7:11am | 1459The euphoria over Tuesday’s inflation numbers has apparently given way to skepticism, with index futures retreating sharply early Wednesday. Traders get to digest another set of key economic data points to make their conclusions about Fed’s potential March move. Cues From Tuesday...
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Nasdaq, S&P 500 Futures Stretch Gains After February Inflation Prints In Line With Expectations
Tuesday, March 14, 2023 - 8:44am | 1200Trading in the U.S. index futures suggests stocks could strive to pick up some momentum after Monday’s listless performance. The fallout of the collapse of the SVB Financial Group (NASDAQ: SIVB)-owned Silicon Valley Bank has put Tuesday’s February inflation print on...
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Nasdaq Futures Climb Solidly After Past Week's Rout: Analyst Flags Key S&P 500 Support To Stay Above October Lows
Monday, March 13, 2023 - 6:55am | 1476After the market mayhem seen last week, some semblance of normalcy could return to Wall Street, thanks to the government’s move to assuage concerns in response to the banking crisis. The mood is likely to remain nervous as headlines on the banking fiasco continue to drop in. Cues...
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US Stocks Poised To Open Lower After Thursday's Plunge: Can Jobs Data Help Reverse Sentiment?
Friday, March 10, 2023 - 7:18am | 1037Trading in the U.S. index futures suggests stocks could extend their sell-off on Friday, although the jobs report due ahead of the market open could change the entire complexion depending on how the numbers shape up. Cues From Thursday’s Trading: Thursday saw panic selling in the market as...
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US Stocks Could Tread Water As Traders Wait To See Off Friday's Jobs Data
Thursday, March 9, 2023 - 7:39am | 1168U.S. stocks are priming for a negative start on Thursday after the recovery attempt in Wednesday’s session culminated in a mixed close. Traders may wait and watch Friday's job data before plotting their next moves. Cues From Wednesday’s Trading: On Wednesday, the major indices...
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US Stocks Listless As Jerome Powell Heads To Capitol Hill: Analyst Sees Potential For Double-Digit Returns Despite Challenging Rate Outlook
Tuesday, March 7, 2023 - 7:42am | 1193Trading in the U.S. index futures suggests the markets may start Tuesday’s session modestly higher ahead of the first day of Fed Chair Jerome Powell’s two-day Congressional testimony. Cues From Monday’s Trading: On Monday, U.S. stocks squandered much of their gains and...
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US Stocks Could Consolidate As S&P 500, Nasdaq Futures Tick Up Ahead Of Fed Chair Powell's Congressional Testimony
Monday, March 6, 2023 - 7:36am | 1160Stocks could pause on Monday after returning to winning ways in the past week, as the focus shifts to Fed Chair Jerome Powell’s two-day Congressional testimony this week. Cues From Last Week’s Trading: U.S. stocks advanced in the week ended March 3, with the S&P 500 Index snapping...