Why tech stocks are proving resilient despite ongoing banking crisis

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Why tech stocks are having a scorching-hot week of gains as banks keep failing

are poised to close the week up 12%, while Amazon and Apple are up 8% and 4%, respectively.

But that dynamic has been completely flipped. The past week has not only seen fall of SVB, Signature Bank, and Silvergate Bank, but alsoAlso helping tech stocks this week was news that the Biden administration would . Shares of Meta were up 4% on the news Thursday, while Snap and Pinterest shares were up 4% and 7% respectively.

Tech stocks are highly sensitive to directional moves in borrowing costs, with any spike in rates often hurting high-growth names.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 729. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Wall Street once again invents a narrative to somehow explain WTH just happened. 😀

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Credit Suisse: Why it's struggling and why that's a big deal | CNN BusinessCredit Suisse, the 167-year-old bank and the second-largest lender in Switzerland, is in deep trouble. Its struggles set off anxiety in Europe and across global markets, and what happens at Credit Suisse could impact the broader financial system. Biden Well, it isnt and it isnt Waiting for Brandon to blame Trump for this bank too.
Fonte: CNN - 🏆 4. / 95 Consulte Mais informação »