JPMorgan Chase, Anheuser-Busch, Apple: Stocks That Defined the WeekĬoncern Over TD Anti-Money-Laundering Practices Helped Scuttle First Horizon Deal Warren Buffett Has a History With Banks-as a Critic and Investor Goldman Sachs to Pay $215 Million to Settle Female Employees’ Discrimination Case UBS Refreshes Management Team to Integrate Credit Suisse High-Tech Banks Grapple With a Rise in Old-Fashioned Crime: Check Fraud Tempur Sealy Inks $4 Billion Deal for Mattress Firmīetting Against Banks Brings Reward and BacklashĬhina’s New Hot Stocks Are State-Owned Banks and Brokers
Hedge Fund Hestia Wins Four Seats on Pitney Bowes Board KKR-Backed Envision Healthcare Plans Chapter 11 Bankruptcy FilingĪpollo’s Income Rebounds, Partly Thanks to Record Fee Earnings SoftBank Nears Sale of Fortress to Abu Dhabi Fund Icahn, Under Federal Investigation, Blasts Short Sellerīig Buyout Funds Stall as Pensions Hold Back Private Consortium to Buy Publicly Traded Syneos Health in $7.1 Billion Club Deal Robinhood to Launch 24-Hour Trading on Weekdays in Stocks and ETFs SoftBank to Pivot Its War Chest to Investments in AI Stock Clearinghouse Leaked Sensitive Data, Trading Firm Says Stocks Mixed Despite Slowing Inflation Data Regional-bank woes have traders briefly seeing up to 50% chance of Fed rate cut in JulyĮnergy Stocks in Doldrums After Last Year’s Big Rally PacWest Stock Sinks 23% After Disclosing Fresh Outflow Stop Equating Latest Bank Failures to the 2008 Crisisĭisney Stock Tumbles as Streaming Losses Spook Investors Stocks Fall as Banking, Inflation Concerns Lingerĭecline in PacWest Stock Indicates Bank Fears Persist These Depositors Feel the Pain of Silicon Valley Bank’s Collapse JPMorgan Accused by GOP States of Religious BiasĪdani Companies Plan $2.6 Billion Stock Sale in Wake of Market Rout Investors Are Nervous-and That Could Support Stocks Inside the ‘Great Race’ at BlackRock: Who Will Replace Larry Fink? Why Some Investors Are Betting on China’s Recovery but Avoiding Chinese Shares TPG to Acquire Angelo Gordon in Renewed Credit Push Stocks Edge Higher With Debt-Ceiling Talks in FocusĬEO Pay Packages Fell Sharply in 2022, the First Decline in a Decade It hasn’t had a weekly gain or loss of at least 1% since March, its longest stretch in nearly two years, said Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley.News From WSJ Dow Jones Industrial Average DJIAīaker Hughes CFO Aims to Boost Dividends, Be More Judicious With Buybacksįormer SVB CEO to Apologize for Bank Collapse The S&P 500 has been roughly churning in place since early April. That’s helped to steady stocks despite all the worries about much higher interest rates. The ratio of such pre-announcements is at its strongest level in two years, equity strategist Savita Subramanian said in a BofA Global Research report, and analysts expect earnings growth to resume in the third quarter of this year. In an encouraging signal, more companies than usual have been offering forecasts for upcoming results above Wall Street’s expectations. Like Apple, companies across the S&P 500 are on track to report a drop in profit for the latest quarter versus a year earlier.
It also said attendance was improving.Įxpectations were broadly quite low, though, given high interest rates and a slowing economy. Six Flags Entertainment jumped 18.6% Monday after it reported a loss that wasn’t as bad as analysts expected. That in turn could raise the risk of a recession that many investors already see as highly likely. The larger concern for markets is that all the turmoil could cause banks to pull back on their lending. Weighed down by much higher interest rates, smaller and mid-sized banks are scrambling to assure Wall Street their deposits are secure and not at threat of seeing a sudden exodus, similar to the runs that toppled Silicon Valley Bank and others. They’ve been under heavy pressure as Wall Street hunts for the next weak link following three U.S. Several other smaller- and mid-sized banks also rose, including a 0.6% tick higher for Western Alliance Bancorp. It said on Friday night that it’s cutting its dividend to help it build its financial strength. PacWest Bancorp rose 3.6% to recover some of its 43% plunge last week. jobs, which calmed worries about a possible recession but raised concerns about high inflation, last week was dominated by fears about smaller and mid-sized banks. The Dow Jones Industrial Average slipped 55.69 points, or 0.2%, to 33,618.69, while the Nasdaq composite added 21.50, or 0.2%, to 12,256.92.īesides a strong reading on U.S. The S&P 500 edged up by 1.87, or less than 0.1%, to 4,138.12 coming off its worst week in nearly two months.
DOW JONES NOW FULL
NEW YORK (AP) - Wall Street held steady Monday ahead of a week full of reports on some of the market’s biggest worries, including how stubbornly high inflation remains across the economy.
0 kommentar(er)
