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.
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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.
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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.
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