Financial stocks rose after the Federal Reserve announced that banks could. The central bank originally said it would lift pandemic era restrictions in the first quarter, but even the delayed move gives investors more clarity. Shares of JPMorgan rose 1.7%, while Bank of America advanced 2.7%.
"Softer-than-expected PCE deflator data support the idea that Treasury yields will likely consolidate over the short-term," said Edward Moya, senior market analyst at Oanda. "The lower the baseline for inflation, the easier markets can become convinced that the upcoming pricing pressure surge will be transitory."
Meanwhile, consumer sentiment in the U.S. continued to rise amid the vaccine rollout. A University of Michigan survey released Friday showed the final reading of the index of consumer sentiment was 84.9 in March, up from 76.8 in February. Economists polled by Dow Jones expected a reading of 83.7.
ClosingBell The 'sober,' 'conservative' banks fleeced by 'responsible' people who 'have a track record' but shot craps with borrowed money. DeutscheBank anyone? 'The rich' demand 'carried interest' and 'ever lower' income tax rates, then shop jurisdictions anyway.
WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!
ClosingBell We need to stick up for Europe. Nike down we are a bunch of wimps. We can buy h & m? We have democracies. They will triumph. Criticism is a pillar of democracy! We don’t want to be the last bastion of freedom on earth. Asml democracy! Tsmc democracy woman leader! Don’t be puppet!
FridayVigilForAll 이 부흥을 통해 메시아의 오심을 준비하십시오.
How is amazon doing today?
IM GOING ON VACATION