US stocks surged on Wednesday as investors got more comfortable with the idea that the US banking system is not on the brink of a crisis following the collapse of Silicon Valley Bank.
Technology stocks led the market higher, with the Nasdaq 100 soaring almost 2% as interest rates remained relatively subdued compared to levels seen just a few weeks ago. Interest rates have dropped to levels not seen in months, with the 2-year US Treasury yield hovering around 4% and the 10-year yield at about 3.6%. That's a far cry from the levels seen earlier this month, with the 2-year above 5% and the 10-year above 4%.
Investors will be focused on fresh economic data for the rest of the week. Jobless claims on Thursday will give investors a sense of how strong the job market is, while personal consumption expenditures data on Friday will help investors understand how much inflationary pressure remains in the economy.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market news today: Tech stocks lead as investors refocus on ratesTech rally leads US stocks higher as investors refocus on rates after bank fears recede why aren’t you covering the RESTRICT Act?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Wall Street elite investors will profit from banking crisis, stock market chaosWall Street’s sharks are circling and investors who thrive on uncertainty are ready to make a killing. lopezlinette breaks down how the chaos from the banking crisis is giving some of Wall Street’s sharpest minds the chance to rake in a lot of money. ⬇️ The pandemic era was a boom time for the market, and these are the kinds of mistakes that come to light as boom times end. 💸 When the Fed hiked interest rates to 4.75% from 0% over the course of a year, the rules of money changed. lopezlinette Hi sir, I hope you'll be fine. I want to talk about the paid guest post or article for publishing on your website. I know there would be an editorial fee and I am ready to pay. Kindly reply or give the contact information of your editorial team. Thanks Regards lopezlinette The article states that the initial FDIC insurance was set at $100,000 in 1933. That’s incorrect. The initial cap was $2,500 in 1933. It wasn’t raised to $100,000 until 1980. You should correct this error.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Wall Street elite investors will profit from banking crisis, stock market chaosInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »