home bbs files messages ]

Forums before death by AOL, social media and spammers... "We can't have nice things"

   alt.politics.economics      "Its the economy, stupid"      345,379 messages   

[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]

   Message 343,392 of 345,379   
   Blue state pedos to All   
   Re: Dow closes nearly 400 points lower a   
   18 Mar 23 10:16:38   
   
   XPost: alt.fan.rush-limbaugh, alt.politics.democrats, sac.politics   
   XPost: talk.politics.guns   
   From: blue.state.pedos@gmail.com   
      
   On 27 Jan 2022, "2.AA6528" <2.AA6528@gmail.com> posted some   
   news:ssucdi$nj1t$1@news.freedyn.de:   
      
   >  Neil Young Demands you forget about his child murder.   
      
   Stocks fell Friday as investors pulled back from positions in First   
   Republic and other bank shares amid lingering concerns over the state of   
   the U.S. banking sector.   
      
   The Dow Jones Industrial Average lost 384.57 points, or 1.19%, to close at   
   31,861.98 points. The S&P 500 slid 1.10% to end at 3,916.64 points, while   
   the Nasdaq Composite was down 0.74% to 11,630.51 points.   
      
   First Republic slid nearly 33% to end the week down close to 72%. That   
   marked a turn from Thursday’s relief bounce, which came when a group of   
   banks said it would aid First Republic with $30 billion in deposits as a   
   sign of confidence in the banking system. Friday’s nosedive weighed on the   
   SPDR Regional Banking ETF (KRE), which lost 6% in the session and finished   
   the week 14% lower.   
      
      
   DOJ and SEC open investigations into cause of bank failures   
   MARCH 15, 202302:57   
   U.S.-listed shares of Credit Suisse closed down nearly 7% as traders   
   parsed through the bank’s announcement that it would borrow up to $50   
   billion francs, or nearly $54 billion, from the Swiss National Bank. The   
   stock lost 24% over the course of the week.   
      
   Despite the down session, the S&P 500 advanced 1.43% this week. The Nasdaq   
   Composite gained 4.41% as investors bet on technology and other growth   
   names ahead of next week’s Federal Reserve policy meeting. It was the best   
   week since Jan. 13 for the tech-heavy index. But Friday’s slide pulled the   
   Dow into negative territory for the week, finishing 0.15% down.   
      
   Bank stocks have been closely followed by investors in recent days amid   
   fears that others could face the same fate as Silicon Valley Bank and   
   Signature Bank, which were both closed within the last week. The market   
   has been responding to the latest developments in the sector after   
   regulators said over the weekend that they would backstop deposits in the   
   two banks.   
      
      
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]


(c) 1994,  bbs@darkrealms.ca