Dow Jones Today

2023 - 3 - 13

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Image courtesy of "The Wall Street Journal"

Stock Market Today: Dow, S&P 500 Open Lower, Regional Bank ... (The Wall Street Journal)

Live updates of what's moving markets, including the Dow, S&P 500 and Nasdaq Composite.

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Image courtesy of "CNBC"

S&P 500 falls Monday as pressure from bank shares mounts: Live ... (CNBC)

"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.

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Image courtesy of "TipRanks"

Stock Market News Today: Stocks Turn Green Despite U.S. Banking ... (TipRanks)

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.

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Image courtesy of "MarketWatch"

Stock market internals are pretty bearish, even as the Dow, S&P 500 ... (MarketWatch)

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.

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Image courtesy of "Investor's Business Daily"

Stock Market Feels Some Relief As Rate Hikes Look Smaller; Banks ... (Investor's Business Daily)

The stock market's major indexes continued turbulent action, off session highs in afternoon trading Monday. Investors felt some comfort that the Fed likely ...

[KRE](https://research.investors.com/quote.aspx?symbol=KRE)) shed 12.3% as the sector sold off. [SBNY](https://research.investors.com/quote.aspx?symbol=SBNY)) on Sunday, making it the third-largest bank failure. Dollar Bullish ( [UUP](https://research.investors.com/quote.aspx?symbol=UUP)) fell 0.9% after meeting resistance at the 200-day line last week. [FRC](https://research.investors.com/quote.aspx?symbol=FRC)) plunged 61.8% to continue its sell-off on liquidity concerns, after trading was temporarily halted earlier in the session. The Innovator IBD 50 ETF ( [FFTY](https://research.investors.com/quote.aspx?symbol=FFTY)) fared worse than the major indexes, losing 1.3%. [WSJ Dollar Index,](https://www.wsj.com/livecoverage/stock-market-news-today-03-13-2023?mod=article_inline) which tracks the dollar against a basket of currencies, fell 1%. Nearly 49% expect [no change in rates](https://www.investors.com/news/economy/fed-may-pause-rate-hikes-as-bank-stocks-keep-sliding-despite-new-rescue-fund/). PFE rose 1.2% on the news. The dollar fell against major currencies as the banking problems cut the odds of higher interest rates. The 10-year U.S. The bridge bank is a full-service bank operated by the agency as it markets the institution to potential bidders. history, and Signature Bank was the third.

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Image courtesy of "Investing.com"

Stock market today: Dow ends lower as turmoil in banks weighs on ... (Investing.com)

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.

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Image courtesy of "Kiplinger's Personal Finance"

Stock Market Today: Nasdaq Gains as Treasury Yields Collapse (Kiplinger's Personal Finance)

The major benchmarks swung higher Monday as investors sought out safety in government bonds.

By Karee Venema • Published Here are five steps you can take today to help reshape your money beliefs. With over a decade of experience writing about the stock market, Karee Venema is an investing editor and options expert at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. [next CPI report](https://www.kiplinger.com/investing/when-is-the-next-cpi-report) will be released ahead of tomorrow's open, while PPI and retail sales are due out Wednesday morning. The probability for a 50 basis point hike, meanwhile, has plunged to zero from 40.2% on Friday. "Regardless of this week’s economic data, however, it's likely that the Fed has landed between a rock and a hard place as it must balance financial stability with its efforts to curtail inflation." The major indexes, meanwhile, managed to stabilize after a rough start. (A basis point = 0.01%.) Prices for gold futures (+2.6% to $1,916.50 an ounce) and First Republic Bank ( banking regulators from the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve and the Treasury Department quickly came together over the weekend to develop a plan to limit risk to the banking sector following the failure of Silicon Valley Bank and Signature Bank. Officials, who cited systemic risk as the catalyst for the closures, took emergency measures to prevent contagion, but bank stocks were still among Wall Street's biggest decliners today.

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Image courtesy of "Investor's Business Daily"

Dow Jones Futures: Banking Crisis Escalates Ahead Of CPI Inflation ... (Investor's Business Daily)

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%.

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