5 things to know before the stock market opens Tuesday
Publishing timestamp: 2023-03-14 08:36:19
Summary
The article discusses the aftermath of the shutdowns of Silicon Valley Bank and Signature Bank, and the impact on regional bank stocks. The Federal Reserve is still expected to raise its benchmark interest rate despite the bank failures, but Goldman Sachs predicts they may hold off. The government's consumer inflation report for February came in cooler than January's, and the decision to allow Uber, Lyft, and DoorDash to treat their drivers as independent contractors was upheld by a California appeals court. Additionally, there are updates on the Russian-Ukraine grain export deal and the ongoing conflict in eastern Ukraine.
Sentiment: NEUTRAL
Tickers: FRC, DASH, SBNY, UBER, LYFT,
Keywords: business news, uber technologies inc, lyft inc, business, doordash inc, economy, first republic bank, investment strategy, markets, signature bank,
Source: https://www.cnbc.com/2023/03/14/5-things-to-know-before-the-stock-market-opens-tuesday-march-14.html