CNBC Daily Open: Regional banks rise, and everyone takes a breath
Publishing timestamp: 2023-03-14 19:53:57
Summary
Regional banks rise, avoiding larger collapse in banking sector. U.S. stocks had a good day as bank stocks rebounded. Moody's downgraded its outlook on the U.S. banking system, but traders and Charles Schwab's CEO disagree. Meta announced layoffs and job posting closures. Three stocks are resilient in a high-interest rate environment. CPI rose 0.4% in February, but the reaction was muted. The bigger news was the reaction to U.S. financial regulators' measures to protect the financial industry, which caused major indexes to rally.
Sentiment: MIXED
Tickers: KEY, WAL, META, FRC, SCHW,
Keywords: walt bettinger, charles schwab corp, business news, first republic bank, technology, economic events, western alliance bancorp, keycorp, banks, inflation, meta platforms inc, markets, world markets,
Source: https://www.cnbc.com/2023/03/15/stock-markets-regional-banks-rise-and-everyone-takes-a-breath.html