NEW YORK — Stocks are back to falling on Wall Street Wednesday as worries worsen about the strength of banks on both sides of the Atlantic.
Wall Street’s harsh spotlight has intensified across the banking industry recently on worries about what may crack next following the in U.S. history last week. Stocks of U.S. banks tumbled again Wednesday after enjoying a brief, one-day respite on Tuesday. The U.S. government announced a plan late Sunday to protect depositors at Silicon Valley Bank and Signature Bank, which regulators shut over the weekend, in hopes of shoring up confidence in the banking industry. But markets have since swung from fear to calm and back again.
slowed by much more last month than economists expected. It’s still high at a 4.6% level versus a year earlier, but that was better than the 5.4% that was forecast. fell by more than expected last month, though spending in prior months was revised up. Manufacturing in New York state, meanwhile, is weakening by much more than forecast. Such data could raise worries about a recession on the horizon, but they may also take some pressure off inflation in the near term.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks leap higher on Wall Street, led by beaten down banks: Watch LiveStocks are leaping on Wall Street Tuesday, as some of the most breathtaking moves from a manic Monday reverse course. You can only flood the market with cheap printed devalued dollars so many times. There can only be so many bailouts. At some point, kicking the can down the road will result in a boomerang effect. Try urinating against the wind, see how that works out for you.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »
Stocks leap higher on Wall Street, led by beaten down banks: Watch LiveStocks are leaping on Wall Street Tuesday, as some of the most breathtaking moves from a manic Monday reverse course.
Source: ABC7NY - 🏆 592. / 51 Read more »
Stocks leap higher on Wall Street, led by beaten down banks: Watch LiveThe Dow Jones Industrial Average was up 436 points, or 1.4%, at 32,255, as of 10:40 a.m. Eastern time, while the Nasdaq composite was 2.2% higher.
Source: ABC7Chicago - 🏆 284. / 63 Read more »
Stocks leap higher on Wall Street, led by beaten down banks: Watch LiveStocks are leaping on Wall Street Tuesday, as some of the most breathtaking moves from a manic Monday reverse course.
Source: 6abc - 🏆 250. / 63 Read more »
Stocks fall on Wall Street on renewed fears about banksU.S. futures tumbled Wednesday and bank stocks around the world slumped as anxiety over the health of the global banking system surfaced again after a broad rebound the previous day. And GAS PRICES GOING TO SKYROCKET!
Source: wjxt4 - 🏆 246. / 63 Read more »
Stocks fall on Wall Street on renewed fears about banksStocks are tumbling on Wall Street as worries worsen about the strength of banks on both sides of the Atlantic. The S&P 500 was 1.1% lower Wednesday, while markets in Europe slumped even further. Democrats have wrecked the economy and started WWIII.
Source: KSLcom - 🏆 549. / 51 Read more »