U.S. stocks rallied Tuesday as crucial inflation data came in line with expectations. Regional bank stocks surged, clawing back some of their losses in the wake of the Silicon Valley Bank fallout. The S&P 500 (^GSPC) added 1.3{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f}, while the Dow Jones Industrial Average (^DJI) advanced 1{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f}. Contracts on the technology-heavy […]
Banks
The problems of two small banks on the West Coast are rippling across markets and causing new investor concerns about some of the country’s largest financial institutions. Why? Three words: rising interest rates. The Federal Reserve’s aggressive campaign to bring down inflation helped set the stage for major problems at […]