U.S. stocks rise as risk-on rally lifts banks, tech - BNN Bloomberg

U.S. stocks advanced as risk appetite continued to recover from turmoil in the banking sector, led by gains in technology and financial shares.

Financial stocks were hit hard by the collapse of three U.S. banks this month but were able to stage a rally Wednesday, even after a report the Federal Deposit Insurance Corp. was mulling a squeeze on big banks to help cover the almost US$23 billion in costs from the bank failures. Fed Chair Jerome Powell pointed to Fed officials’ forecast for another quarter percentage-point hike this year when asked by lawmakers Wednesday when the central bank will stop raising interest rates, Bloomberg News reported. However, traders are pricing in roughly 50-50 odds that move will occur at the Fed’s next meeting in May.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Margaret Franklin on rebranding finance as a career for women - BNN BloombergAs president and CEO of the CFA Institute, Margaret Franklin is turning her attention to growing diversity in the finance field, with a special focus on attracting young women and retaining them throughout their careers. Not sure this has to be labelled as it is already a career that has no gender bias. Seems nothing is newsworthy anymore unless it is controversial. Has creating the perception of gender inequality now a marketing tool?
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Stocks advance with banks as U.S. futures drift - BNN Bloomberg​Stocks rose as concern over broader contagion from the banking turmoil eased. U.S. futures drifted and the dollar traded lower.
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