15 Mar 2023 - US stocks rose Tuesday as investors bet the risk of contagion following the closures of Silicon Valley Bank and Signature Bank has been contained. Traders also focused on the latest US inflation data. The consumer price index rose 0.4% in February from January, matching the consensus estimate of economists polled by Dow Jones. The annualised increase of 6% was also in line with economists’ expectations.
14 Mar 2023 - The Dow Jones Industrial Average dropped on Monday as a plan to backstop all the depositors in failed Silicon Valley Bank, along with other extraordinary measures, failed to boost bank shares.
13 Mar 2023 - Stocks tumbled Friday as tech-focused lender Silicon Valley Bank shut down following losses in its bond portfolio, prompting the biggest bank failure since the global financial crisis and sending shockwaves through the banking sector.
10 Mar 2023 - Stocks accelerated losses in the final hour of trading Thursday as banks and other financials sold off, and investors braced for a key payroll report Friday that could set the direction of interest rates.
09 Mar 2023 - The Dow finished slightly lower Wednesday as the market fought to overcome Tuesday’s selloff, spurred by comments from Federal Reserve Chairman Jerome Powell hinting at higher interest rates for longer.
08 Mar 2023 - Stocks sold off sharply Tuesday after comments from Federal Reserve Chair Jerome Powell suggested that rates may need to go higher for longer, fueling fears of a potentially larger hike at the central bank’s next policy meeting.
07 Mar 2023 - The S&P 500 rose slightly overnight, fighting to hold onto last week’s gains as bond yields inched higher and investors braced for a busy week of economic news.
06 Mar 2023 - Stocks rose Friday as Treasury yields eased from their recent highs and investors weighed the cumulative impact from Fed hikes already implemented and digested last week’s comments from the central bank.
03 Mar 2023 - Stocks rose Thursday in an afternoon rally as traders tried to shake off concerns over higher interest rates.
02 Mar 2023 - The S&P 500 fell overnight, as traders struggled to recover their footing following a losing month and that bond yields have continued their climb. The moves came as bond yields extended their February gains, with the benchmark 10-year yield briefly topping 4% for the first time since November. The 1-year Treasury yield rose above 5%.
