The S&P 500 dipped 0.2% after whipsaw trading, where it careened between an early loss of 1.4% and a midday gain of nearly that much. The Dow Jones Industrial Average fell 90 points, or 0.3%, while the Nasdaq composite rose 0.4%.
“So far, it seems that the potential problem banks are few, and importantly do not extend to the so-called systemically important banks,” analysts at ING said. The fear was that stubbornly high inflation would force the Fed to get even tougher, and investors were bracing for the Fed to keep hiking at least a couple more times after that.
That has hurt the investment portfolios of banks, which often park their cash in Treasurys because they're considered among the safest investments on Earth. Prices for Treasurys also shot higher on both demand for something safe and expectations for an easier Fed. That in turn sent their yields lower, and the yield on the 10-year Treasury plunged to 3.54% from 3.70% late Friday. That’s a major move for the bond market.
Plz do a story on this shelter killing dogs within 4 days. it's horrific and barbaric !! PLZ!! They can be saved!