US stocks rose on Tuesday as investors prepared for the Fed's next interest rate decision while the bank sector rallied on prospects for more deposit insurance.
Central bankers began their two-day Federal Open Markets Committee meeting and are set to deliver their next policy move on Wednesday afternoon. Markets are pricing in an 83% chance the Fed hikes rates by 25 basis points. Bank stocks rose after Treasury Secretary Janet Yellen said the government's deposit protection could be expanded. First Republic Bank stock jumped as high as 45%, a day after plunging to a record-low. Meanwhile, the SPDR S&P Regional Banking exchange traded fund surged 5%, its best day since January 2021.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Stock Market News Today: US indexes climb as banking fears easeUS stocks climb as banking fears ease and investors focus on key Fed meeting
Bron: BusinessInsider - 🏆 729. / 51 Lees verder »
Fed meeting: 4 key questions amid banking crisis, stock market forecastAs the Fed meets on Wednesday after bank runs, a market analyst shares 4 key questions investors desperately need answered — and his prediction for how stocks will react
Bron: BusinessInsider - 🏆 729. / 51 Lees verder »