5 things to know before the stock market opens Monday
Publishing timestamp: 2023-03-13 07:29:22
Summary
Stocks are set to open higher as investors assess the implications of Silicon Valley Bank's failure and federal backstop. Bank stocks remain under pressure, and major averages posted losses last week. The film "Everything Everywhere All at Once" dominated at the Oscars, and federal regulators stepped in to cover customers of Silicon Valley Bank and Signature Bank. Cryptocurrencies spiked on news of the government backstop for Silicon Valley Bank, gaining over $70 billion collectively in 24 hours. HSBC has agreed to rescue the UK subsidiary of Silicon Valley Bank.
Sentiment: NEUTRAL
Tickers: .IXIC, SBNY, HSBA-GB, C, .SPX, SIVB, FRC, JPM, .DJI, WFC,
Keywords: economy, first republic bank, wells fargo & co, jeff cox, business, jpmorgan chase & co, united states, new york, signature bank, investment strategy, business news, citigroup inc, svb financial group, markets,
Source: https://www.cnbc.com/2023/03/13/5-things-to-know-before-the-stock-market-opens-monday-march-13.html