Nasdaq and the S&P 500 opened higher on Friday due to a better-than-expected PCE report. It’s inflation data week, and U.S. investors’ worries cooled down after a positive inflation report. Meanwhile, in the Eurozone, inflation is still rising and relatively higher. Wall Street’s main indexes opened higher for the third day in a row, despite […] More
U.S. oil records weekly declines in its oil stockpile at a time when the country faces its second-largest financial crisis. The U.S. oil market remains steady, particularly these past two weeks. Oil prices posted weekly declines over the past 20 days, and since the SVB failure, the market’s daily weekly gains have fallen significantly. Energy […] More
Stock market rallies amid news that the First Citizen bank will buy the silicon valley bank The banking sector is finally getting some relief and eased worries from recent banking stress. Both U.S. and European stock markets opened higher. The jump in the stock market was boosted by the news that the U.S. lender First […] More
Tighter credit conditions lead to a sharp decline in European financial services firms and banks. The European stock market faced a sharp decline in most of the financial services stocks in Friday’s trading session. Among those financial services firms is Deutsche Bank, whose shares fell by more than 10% after a spike in credit default […] More
There will be no pause for raising key interest rates, the Federal Reserve’s final answer The Suisse Credit Bank issues were resolved by a last-minute deal. However, the U.S. Federal Reserve decided to keep rising key interest rates. By the opening reading hours, the Wall Street main indexes had jumped higher by an increased average […] More
Public interest in the banking crisis skyrocketed, and investors are calling for interest rate hikes to pause. Wall Street shows signs of recovery after last week’s significant declines. Two of the main three indexes in the U.S. stock market opened higher on Monday amid rising hopes of an interest rate hike pause. Inventors hope and […] More
Wall Street continued to fall, and the market will go through a long-term banking crisis shockwave Fears of a banking crisis sent a shockwave through the market, and Wall Street is headed to end this week’s session with its worst weekly performance of the year. Two major banking events are driving the stock markets and […] More
The U.S. West Texas Intermediate falls to its worst per barrel price for the first time since December 2021. Bank contagion worries in the U.S. and around the world widen as fears of future bank crashes and declines grow. Wall Street faces one of its worst phases of the year; recession probabilities knock on the […] More
The Wall Street stock market risk indicator, the S&P VIX, jumps by 13% amid fears of a banking system downturn. By March 10th, the U.S. financial institution experienced the largest banking failure, the first time since the Washington Mutual collapse. Silicon Valley announced its closure on Saturday while it deals with its first sharp decline […] More
The U.S. payroll growth was revised from the previous number to 311,000, and Wall Street feels the pressure of higher interest rates. The job market in February came in lower than the previous month’s payrolls of 504 new jobs, but the market continues its string rally, beating market expectations by a mile. The released report […] More
The U.S. Federal Reserve president’s comments that the key interest rates will remain higher for a long time sent Wall Street tumbling from the news. All hopes are dashed, and the key interest rates will keep rising, according to the U.S. Federal Reserve’s comments during its testimony to Congress. The recession risks in the U.S. […] More
Tesla shares dropped and the Nasdaq climbed slightly as fears of weak market growth continued. Tesla’s announcement of its price cut on both the Model S and Model X SUV caused a drop in its stock market price. Despite the intense competition, Tesla is once again moving toward a price cut at the top end. […] More