Investors have fled bank stocks since the crisis erupted in the sector earlier this month. The collapse of Silicon Valley Bank and Signature Bank, as well as the UBS bailout of Credit Suisse, exposed cracks in a global banking system long described by regulators as resilient and well-capitalized. The SPDR S & P Regional Bank … Read more
Investors focused on bank stocks while digesting the rate hike. Source link
A major Wall Street firm cited financial instability, not inflation, as the biggest economic risk for the next three months. in subsequent interviews Fed hikes rates by 25 basis pointsMichael Schumacher of Wells Fargo Securities said policymakers were underestimating how quickly tighter credit conditions could hurt the economy. The firm’s head of macro strategy told … Read more
Barton Crockett, senior analyst at Rosenblatt Securities, said Internet stocks have done well this year — they have “far outperformed” the S&P 500 over the past three months. Analysts at Morgan Stanley are also bullish on the sector — but more specifically Internet stocks. “E-commerce growth is re-accelerating and regaining share of overall retail sales,” … Read more
U.S. stock futures edged higher on Wednesday evening as traders digested the latest policy update from the Federal Reserve. Futures tied to the Dow Jones Industrial Average rose 71 points, or 0.2%. S&P 500 futures rose 0.2%, while Nasdaq 100 futures rose 0.1%. Major stock indexes tumbled in regular trading, Dow It was down more … Read more
How things have changed in a matter of weeks: After a lackluster month for tech stocks in February, investors are pouring back into the sector amid plunging yields and turmoil in the banking sector. Market watchers are weighing the possibility of a smaller or even pause in rate hikes by the Federal Reserve this week … Read more
Energy stocks fell last week as oil prices fell to 15-year lows and a banking crisis engulfed the market. The energy subsector in the S&P 500 fell 7% last week, though it has since pared some losses to rise more than 2% in Monday’s session. Oil prices also rose more than 1% on Monday. Amid … Read more
Stocks are rallying despite the recent banking crisis, but “fast money” traders are urging Wall Street to dig deeper — especially ahead of the Federal Reserve’s latest rate hike on Wednesday. On Tuesday, the S&P 500 rose 1.3 percent to close above 4,000 for the first time since March 6, rebounding after the collapse of … Read more
Traders on the floor of the New York Stock Exchange, July 12, 2022. Source: NYSE Stock futures were little changed late Tuesday as investors braced for the Federal Reserve’s next move in its inflation-fighting rate hike program. Futures tied to the Dow Jones Industrial Average were down 9 points, or 0.03%. S&P 500 futures rose … Read more
Fed rate hike would be a mistake, says MKM’s Michael Darda this federal reserve Michael Darda, chief economist at MKM Partners, said that despite the banking crisis, rates could be raised by 25 basis points when they meet this week, but “that would be a mistake”. Monetary conditions are likely to continue to tighten even … Read more