US stock futures were holding steady Monday after an extraordinary move by US financial regulators to restore confidence in the country’s banking system. S&P 500 futures gave up their overnight gains to trade flat and Nasdaq futures were 0.32% higher Monday morning. Dow futures, which rose in early morning trade, fell back 0.28%.
Stocks sank despite an announcement by HSBC\n \n Monday that it had bought the UK arm of SVB for £1 , saying the business’s customers could “continue to bank as usual” and that their deposits were safe. The FTSE-listed bank’s stock fell 3.5% in European trade. Asian markets mixed Asia-Pacific stocks were mixed as investors digested news of the US regulatory efforts. The losses were led by Japan’s benchmark Nikkei\n \n index, which closed 1.1% down.
But can't cancel student loans... Save the bank,screw the people.
The sheep will only read this headline and carry on with their lives like everything is fine. And that is the point of this headline. To keep the sheep in order.
CNN wrong again for the 5,019,456,234,111st time.
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