Dow Jones

"Financial markets face a no-win situation, trapped between fears of regional bank runs and central banks worried about sticky inflation," said one analyst.

banking system is safe after regulators scrambled over the weekend to create a plan [to backstop deposits at Silicon Valley Bank and Signature Bank](https://www.cnbc.com/2023/03/12/regulators-unveil-plan-to-stem-damage-from-svb-collapse.html). "It might be a good idea for the Fed to pause," Hyman of Evercore ISI said in a note Sunday, citing the SVB failure along with slowing inflation data. [Brii Biosciences](https://www.cnbc.com/quotes/2137-HK) said less than 9% of total cash and bank balances were at SVB. [Harmony Gold](https://www.cnbc.com/quotes/) helped push the fund up with a 10.8% gain in the premarket, putting it on track for its best day since Nov. Pfizer [offered $229 in cash](https://www.reuters.com/markets/deals/pfizer-buy-seagen-deal-valued-43-billion-2023-03-13/)per share of Seagen, a 32.7% upside to Friday's closing price. Also, the management of the banks will be replaced and bank investors will not be protected, he said. [Dow](/quotes/.DJI/) was down 0.4% shortly after the market opened. Defensive stocks like [Procter & Gamble](/quotes/PG/), [Coca-Cola](/quotes/KO/) and [PepsiCo](/quotes/PEP/) also gained about 2% each. [Charles Schwab](/quotes/SCHW/) lost 8% and at [one point dropped as much as 23.3%.](https://www.cnbc.com/2023/03/13/charles-schwab-shares-head-for-worst-day-ever-as-fears-of-banking-crisis-deepen.html) Regional banks [fell even more](https://www.cnbc.com/2023/03/13/first-republic-drops-bank-stocks-decline.html), led by a 70% drop in [First Republic](/quotes/FRC/). The Silicon Valley Bank "debacle highlights failure and further crisis to come," Blain noted. [Bank bank stocks remained under pressure](#107207368-RgdsJMG6y) as investors remained skittish on the sector amid the fallout around Silicon Valley Bank and Signature Bank.

The Dow Jones reversed Monday, as the FDIC guaranteed all deposits of SVB Financial. First Republic crashed 65% on ongoing bank fears.

[AXP](https://research.investors.com/quote.aspx?symbol=AXP)) [PANW](https://research.investors.com/quote.aspx?symbol=PANW)) [CRM](https://research.investors.com/quote.aspx?symbol=CRM)) [Recent IBD Stock Of The Day](https://www.investors.com/research/ibd-stock-of-the-day/newr-stock-new-relic-boosts-data-analysis/), New Relic, is working on a flat base with a 80.98 buy point in the aftermath of the Feb. [4 Top Growth Stocks To Buy And Watch In The Stock Market Correction](https://www.investors.com/stock-lists/stocks-near-a-buy-zone/dow-jones-leader-salesforce-3-other-top-stocks-to-buy-and-watch/) [strong fourth-quarter results](https://www.investors.com/news/technology/crm-stock-salesforce-earnings-salesforce-stock-q42022/). [Five Dow Jones Stocks To Buy And Watch Now](https://www.investors.com/research/dow-jones-stocks/) [IBD Leaderboard](https://leaderboard.investors.com/#/leaders/leadersnearabuypoint) watchlist stock Palo Alto Networks continues to trade quietly in a handle after the stock's 12.5% surge on Feb. [cybersecurity giant announced good results](https://www.investors.com/news/technology/panw-stock-palo-alto-earnings-q42022/) for the January-ended quarter that saw earnings hit $1.05 a share, up 81% vs. New Relic was recently an [IBD Stock Of The Day](https://www.investors.com/research/ibd-stock-of-the-day/newr-stock-new-relic-boosts-data-analysis/). [guaranteed all deposits](https://www.wsj.com/articles/federal-reserve-rolls-out-emergency-measures-to-prevent-banking-crisis-ba4d7f98) of SVB Financial ( [SIVB](https://research.investors.com/quote.aspx?symbol=SIVB)). And after Friday's selloff we've cut our outlook further, to 'market in correction.' This requires investors to avoid any stock purchases and pivot to defensive trading, such as taking profits and [cutting losses short](https://www.investors.com/how-to-invest/investors-corner/still-the-no-1-rule-for-stock-investors-always-cut-your-losses-short/)." [TSLA](https://research.investors.com/quote.aspx?symbol=TSLA)) traded down more than 2% Monday morning after Wolfe Research downgraded the stock to peer perform from outperform. Regulators on Sunday also took control of Signature Bank ( [SBNY](https://research.investors.com/quote.aspx?symbol=SBNY)).

The Nuveen Dow 30SM Dynamic Overwrite Fund (DIAX) invests in the Dow Jones Average stocks and trades possible appreciation for higher current yield via ...

Nuveen Dow 30 Dynamic Overwrite fund is designed to offer regular distributions through a strategy that seeks attractive total return with less volatility than the Dow Jones Industrial Average (DJIA or “Dow30”) by investing in an equity portfolio that seeks to substantially replicate the price movements of the DJIA, as well as selling call options on 35%-75% of the notional value of the Fund’s equity portfolio (with a 55% long-term target) in an effort to enhance the Fund’s risk-adjusted returns. [JEPI](https://seekingalpha.com/symbol/JEPI)) should be considered. The Index Committee monitors whether the highest-priced stock in the index has a price more than 10 times that of the lowest. The Dow Jones Industrial Average® (The Dow®), is a price-weighted measure of 30 U.S. The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Dow Jones Industrial Average (the “DJIA”). Companies should be incorporated and headquartered in the U.S., and a plurality of revenues should be derived from the U.S. The DJIA was first calculated in 1896, only the Dow Jones Transportation Average is older. Its unique feature is the price-weighted nature of the Index: Higher the price; larger the weight in the Index. Since 1896, I calculated the DJIA has had an average price gain of 5%; since 1987, the Annualized Total Return is about 11%. [DIAX](https://seekingalpha.com/symbol/DIAX)), which I review here. I will also review the SPDR Dow Jones Industrial Average ETF (NYSEARCA: [DIA](https://seekingalpha.com/symbol/DIA)) and then compare if investors benefited from DIAX’s income-enhancing strategy. The SPDR Dow Jones Industrial Average ETF Trust was launched by and is managed by State Street Global Advisors.

7:30am: SVB collapse alters rate outlook Wall Street is expected to open higher after US regulators stepped in to protect depositors at collapsed Silicon...

“However, this release may have lost some of its significance given the banking system stress witnessed over the weekend, as the Fed’s focus on fighting inflation has shifted to firefighting systemic stress.” On Sunday, crypto bank Signature was also closed down due to what was said by the regulator to be a risk of systemic bank failure. The small-cap Russell 200 index declined 3.2% to 1,769. “Goldman Sachs now believes that the Fed’s hands are tied by the banking system stress as such they do not see the FOMC (Federal Open Market Committee) raising rates at the March 22nd meeting this has led to an uptick in bonds overnight weighing on yields with the 2-year US yields dropping back below 4.5%,” he said. “With a distinct lack of tier one data on the docket for both the European and US sessions, investor focus will shift to tomorrow's US CPI data,” he added. Shares of First Republic Bank had fallen more than 65% at the open with investors betting on it being the next bank to fall.

Investing.com -- U.S. stocks are seen opening higher Monday, as investors digested the moves over the weekend to protect the country's banking system in the ...

dollar on the raised expectations that the Fed will temper its monetary tightening policy going forward. [Saved Items](/members-admin/saved-items) Influential investment bank Goldman Sachs said on Sunday that its analysts no longer expect the U.S. The blue-chip The U.S. [WFC](/equities/wells-fargo)), Citigroup (NYSE: [C](/equities/citigroup)), and JPMorgan (NYSE: [JPM](/equities/jp-morgan-chase)) all dropping over 2.5% premarket. crude](/commodities/crude-oil) futures traded 1.6% lower at $75.44 a barrel, while the [Brent](/commodities/brent-oil) contract fell 1.5% to $81.55. [Block List](/members-admin/settings-blocked-users) [COP](/equities/conoco-phillips)) said on its website. [FRC](/equities/first-republic-bank)) stock falling over 60% premarket, Western Alliance (NYSE: [WAL](/equities/western-alliance-bancorp)) almost 50% lower, and PacWest Bancorp (NASDAQ: [PACW](/equities/pacwest-bancorp)) down 40%. [SBNY](/equities/signature-bank)) which was wrapped up over the weekend. [SIVB](/equities/svb-financial-gro)) as well as the potential impact on future Federal Reserve rate hikes.

Last updated: 10:00AM EST Stocks erased early losses and moved to positive territory to start the week as the fallout of the SVB collapse left markets ...

[GB:HSBA](https://www.tipranks.com/stocks/gb:hsba)) decided to buy out SVB’s U.K. Hong Kong’s Hang Seng, China’s Shanghai Composite, and Shenzhen Component indices ended the day in the green, up 1.95%, 1.20%, and 0.62%, respectively. At the same time, Britain’s HSBC Holdings ( banks’ financial health and the possibility of a bigger systemic risk. On the other hand, the Nasdaq 100 ( [NDX](https://www.tipranks.com/index/nasdaq-100)) jumped 0.79%. Moreover, the Federal Reserve also announced the launch of a new Bank Term Funding Program (BTFP) that will give loans of up to one year to banks and other financial institutions under its realm, thus boosting depositor safety. EST, the Dow Jones Industrial Average ( The CPI will be an important inflationary metric for the Fed as it decides its future course of monetary policy. futures were highly volatile Monday morning, following the joint statement from the Treasury Department, the Federal Reserve, and the FDIC. Stocks continue to rally halfway through today’s trading session after starting the day in the red. This has caused bond yields to fall drastically over the past week as investors flee to the safety of bonds. As of 2:30 p.m.

The S&P 500 was virtually unchanged in morning trading, but only after tumbling 1.4% at the open.

Regulators on Friday closed Silicon Valley Bank as investors withdrew billions of dollars from the bank in a matter of hours, marking the second-largest U.S. That in turn sent their yields lower, and the yield on the 10-year Treasury plunged to 3.54% from 3.70% late Friday. The Fed began hiking rates almost exactly a year ago, and its fastest flurry in decades has brought its key overnight rate to a range of 4.50% to 4.75%. They also announced Sunday that New York-based Signature Bank was being seized after it became the third-largest bank to fail in U.S. bank failure behind the 2008 failure of Washington Mutual. [worries](https://apnews.com/article/banks-federal-reserve-silicon-valley-lending-rescue-a04875a164165b50e971ff4576bf4e27?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_01) about what’s next to break, following the second- and third-largest [bank failures](https://apnews.com/article/silicon-valley-bank-uk-bailout-hsbc-sale-4d2da0e9c6f39c0fd8faf321a2b295cf?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_01&utm_content=eyebrows) in U.S. Such a move could give the economy and banking system more breathing space, but it could also give Shares of First Republic Bank fell 61.8%, even after the bank said Sunday it had strengthened its finances with cash from the Federal Reserve and JPMorgan Chase. Higher interest rates can drag down inflation by slowing the economy, but they raise the risk of a recession later on. That would still be a sharp turnaround from expectations just a week ago, when many traders were forecasting the Fed would hike its key overnight interest rate by 0.50 percentage points. The S&P 500 dipped 0.2% after whipsaw trading, where it careened between an early loss of 1.4% and a midday gain of nearly that much. But many other stocks rose on hopes the bloodletting will force the Federal Reserve to take it easier on the hikes to interest rates that are shaking Wall Street and [the economy](https://apnews.com/article/inflation-federal-reserve-system-canada-business-2f3096f01c56c76432dce0a51a9dca24).

The number of declining stocks are outpacing advancers 2,083 to 803 on the New York Stock Exchange (NYSE) and 2,563 to 1,358 on the Nasdaq Exchange. And volume ...

And volume in declining stocks is making up 70.8% of total volume on the Big Board and 57.4% of total volume on the Nasdaq. The number of declining stocks are outpacing advancers 2,083 to 803 on the New York Stock Exchange (NYSE) and 2,563 to 1,358 on the Nasdaq Exchange. The gains seen in the Big 3 stock market indexes aren’t telling the real story, as market breadth data suggests the stock market is actually suffering a broad selloff.

The Dow Jones Industrial Average continued to decline during its recent trading on intraday levels, to record good losses in its last sessions by -1.07%.

Here are [the best CFD brokers](https://www.dailyforex.com/forex-brokers/best-forex-brokers/cfd-trading) to choose from. [ moving average](https://www.dailyforex.com/forex-articles/2020/08/using-moving-averages-in-forex-trading-in-2021/149717) for the previous 50-day period. Especially if it breaks the current support of 31,909.65, to then target the support level at 30,454.46. Meanwhile, the market is still pricing in odds half a point higher than it was before the Fed chair spoke a week ago. In addition, the bearish trend dominates the movement of the index in the medium-term and long-mile line. In economic news, the government revealed that Nonfarm Payrolls rose by 311K in February.

Treasury yields tested new lows, providing significant support to the tech-heavy NASDAQ.

[American Express](https://www.fxempire.com/stocks/axp), [Goldman Sachs](https://www.fxempire.com/stocks/gs), and [JPMorgan Chase](https://www.fxempire.com/stocks/jpm) were among the worst performers in the Dow Jones index amid a broad sell-off in financial stocks. [NASDAQ](https://www.fxempire.com/indices/nas100-usd) rallied above the 12,000 level as lower yields boosted demand for yield-sensitive tech stocks. [Dow Jones](https://www.fxempire.com/indices/us30-usd) found support near 31,500 and rebounded towards the 32,000 level. It looks that falling Treasury yields have provided some support to stocks. Traders fear that additional problems may emerge in the upcoming weeks. Leading tech stocks like [Microsoft](https://www.fxempire.com/stocks/msft) and [Apple](https://www.fxempire.com/stocks/aapl) were up by about 3% in today’s trading session. announced that it would guarantee deposits at the Silicon Valley Bank to protect the financial system from contagion. [economic calendar](https://www.fxempire.com/tools/economic-calendar). [S&P 500](https://www.fxempire.com/indices/spx500-usd) managed to rebound as U.S. [First Republic Bank](https://www.fxempire.com/stocks/frc), [Comerica](https://www.fxempire.com/stocks/cma), [KeyCorp](https://www.fxempire.com/stocks/key), [Zions Bancorporation](https://www.fxempire.com/stocks/zion) were down by 20-60% in today’s trading session. President Joe Biden said that Americans should have confidence that the banking system was safe. The above-mentioned Apple and Microsoft led the rebound as demand for tech stocks increased.

Investing.com – The Dow closed lower Monday, as investors weighed up a sharp drop in Treasury yields amid bets of a less aggressive Federal Reserve and ongoing ...

[Saved Items](/members-admin/saved-items) The odds of the Fed pausing hikes at its meeting next week jumped to 47%, according to Investing.com's “Fed funds futures are reducing pricing for the size of a potential hike at that meeting to be closer to 25bps,” Scotia Economics said in a note.

Dow Jones futures: The banking crisis escalated ahead of the CPI inflation report. Schwab stock plunged on growing liquidity fears.

[Recent IBD Stock Of The Day](https://www.investors.com/research/ibd-stock-of-the-day/newr-stock-new-relic-boosts-data-analysis/), New Relic, is working on a flat base with a 80.98 buy point in the aftermath of the Feb. [the SVB collapse](https://www.investors.com/news/silicon-valley-bank-liquidity-crisis-sends-shockwaves-through-financial-industry/). [IBD Leaderboard](https://leaderboard.investors.com/#/leaders/leadersnearabuypoint) watchlist stock Palo Alto Networks continues to trade quietly in a handle after the stock's 12.5% surge on Feb. [SCHW](https://research.investors.com/quote.aspx?symbol=SCHW)) [plunged on fears](https://www.investors.com/etfs-and-funds/sectors/stock-market-schwab-implodes-money-safe/) that the largest U.S. [3 Top Growth Stocks To Buy And Watch In The Current Stock Market Correction](https://www.investors.com/stock-lists/stocks-near-a-buy-zone/dow-jones-leader-nike-facebook-are-top-stocks-to-watch-in-new-stock-market-correction/) [cybersecurity giant announced good results](https://www.investors.com/news/technology/panw-stock-palo-alto-earnings-q42022/) for the January-ended quarter that saw earnings hit $1.05 a share, up 81% vs. And after Friday's sell-off we've cut our outlook further, to 'market in correction.' This requires investors to avoid any stock purchases and pivot to defensive trading, such as taking profits and [cutting losses short](https://www.investors.com/how-to-invest/investors-corner/still-the-no-1-rule-for-stock-investors-always-cut-your-losses-short/)." And Nike [was featured](https://www.investors.com/stock-lists/stocks-near-a-buy-zone/dow-jones-leader-nike-facebook-are-top-stocks-to-watch-in-new-stock-market-correction/) in this week's Stocks Near A Buy Zone column. [TSLA](https://research.investors.com/quote.aspx?symbol=TSLA)) traded up 0.6% Monday. [FRC](https://research.investors.com/quote.aspx?symbol=FRC)) crashed nearly 62%. [IBD's latest newsletter, MarketDiem, gives you actionable ideas for stocks, options and crypto right in your inbox.](https://get.investors.com/marketdiem/) KeyCorp ( [KEY](https://research.investors.com/quote.aspx?symbol=KEY)) dived 27.3%.