Stock market

2023 - 3 - 13

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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 "Barron's"

Stock Market Today: Stocks Waver. Bank Fears Spark Hope of a Fed ... (Barron's)

Stocks were trying to rebound in volatile trading Monday, as Wall Street continues to assess regulators' actions to contain the potential damage from the ...

“So far the system looks fine, but it needs to be treated with caution ahead, just in case.”\n\nFebruary consumer price data will be released on Tuesday, which will be the next major catalyst for the markets.\n\n“The odds of a 25-basis point hike have risen since investors came to grips with \\[Fed Chairman Jerome\\] Powell’s higher for longer Senate testimony and SVB’s collapse, but with more than just inflation on the plate this week it remains to be seen where expectations will be by week end,” Chris Larkin, managing director of trading at E-Trade, wrote Monday. Treasury separately said they would make more funds available to meet demands for bank withdrawals through a new funding program.\n\nPresident Biden also spoke on Monday to assure Americans that the banking system is “safe” and that SVB’s customers will be protected.\n\n“The best way to restore confidence in the system is to demonstrate that adequate funds are available – which is what the government has done,” wrote portfolio strategists at Natixis Investment Managers.\n\nThe key silver lining, though: Since there’s still some risk to sales – or even financial positions at some other banks – markets are assuming that the Federal Reserve could move less aggressively in lifting interest rates. The two-year Treasury yield, a barometer for expectations about the fed funds rate, is down to below 4.1% from above 5% last week.\n\nIndeed, analysts at Goldman Sachs suggested the central bank could pause its rate-hiking cycle entirely amid a more fragile economic situation.\n\nThe bad news: bank stocks are dropping, with the KBW Bank Index falling 10% Monday. Higher rates are meant to cool high inflation by reducing economic demand, so fewer rate hikes would put less pressure on the economy.\n\nTraders were cutting their bets on interest-rate increases in the U.S. and elsewhere in the fallout of SVB’s collapse, shifting expectations toward a quarter-point increase at the Fed’s March 22 meeting.\n\nTraders are currently pricing in a 58.3% chance of a 25-basis point rate hike, with 32.1% expecting no increase. The odds of a 50-basis point rate increase have dropped to zero, from 40.2% just a day ago.

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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 "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 "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 "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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Image courtesy of "CNBC"

Stock futures rise after Dow slides five straight days on bank rout ... (CNBC)

Dow Jones Industrial Average futures rose by 117 points, or 0.37%. S&P 500 and Nasdaq 100 futures climbed 0.32% and 0.22%, respectively. Bank stocks rebounded ...

[SPDR S&P Regional Banking ETF](/quotes/KRE/) rose 1.1% in extended trading. Dow Jones Industrial Average futures rose by 78 points, or 0.24%. Economists polled by Dow Jones are expecting a rise of 0.4% last month. "None of them have the risk of contagion — I mean, this is overblown, but I don't think from an operational standpoint, it has that risk." That's down from a 0.5% increase the prior month. Shares of [First Republic Bank](/quotes/FRC/) [popped 14% in extended trading](#107207927-DIXkQF1-F), after closing down nearly 62% on Monday. Investors are hotly anticipating the latest inflation data. The Dow lost 90.50 points, or 0.28%, while the broad-market index lost 0.15%. stock futures rose on Monday night after the Dow Jones Industrial Average notched a fifth day of losses. [SPDR S&P Regional Banking ETF](/quotes/KRE/) (KRE) rose more than 2% in extended trading. Dow Jones Industrial Average futures rose by 79 points, or 0.25%. Traders also looked ahead to a key inflation report due Tuesday.

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

By Yasin Ebrahim. Investing.com – The Dow closed lower Monday, as investors weighed up a sharp drop in Treasury yields amid bets of a less aggressive ...

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Image courtesy of "Economic Times"

US stock market: Sliding bank shares drag Wall Street down in ... (Economic Times)

"The market is now expecting that the Fed is likely to not raise rates this month and so they may enter a pause period," said Peter Cardillo, chief market ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). But many speculated the central bank could now become less hawkish, and the yield on the 2-year Treasury tumbled. Of this, over $4-5 billion was in the last five years. Shares of SVB's peer Signature Bank, which was also shut down by regulators, were halted. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) The S&P 500 posted 1 new 52-week highs and 48 new lows; the Nasdaq Composite recorded 29 new highs and 526 new lows. The CPI data is due on Tuesday and PPI on Wednesday. "The market is now expecting that the Fed is likely to not raise rates this month and so they may enter a pause period," said Peter Cardillo, chief market economist at Spartan Capital Securities. President Joe Biden vowed to do whatever was needed to address the threat to the banking system. The Dow Jones Industrial Average fell 90.5 points, or 0.28%, to 31,819.14, the S&P 500 lost 5.83 points, or 0.15%, to 3,855.76 and the Nasdaq Composite added 49.96 points, or 0.45%, to 11,188.84. "If we get shockingly bad Consumer Price Index and Producer Price Index, the Fed is going to find itself in a tough spot or a much tougher spot that it even finds itself in ahead of those prints," said Orion Advisor Solutions CIO Timothy Holland. Regulators over the weekend stepped in to restore investor confidence in the banking system, saying SVB's depositors will have access to their funds on Monday.

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Image courtesy of "Banco Santander"

What is “quadruple witching” in the stock market? (Banco Santander)

Here's why futures and options on shares and stock indices cause an uptick in trading four times a year.

Stock index futures, stock index options, stock options and single stock futures have expiry dates (usually at the end of the month or the quarter), which match up on the third Friday of March, June, September and December. When only stock options, stock index futures and stock index options contracts expire on the same day, the last hour of quarter-end trading is called the “triple witching hour”. Index options are similar but consider the price shift of an entire stock index (e.g. You pay a premium of 5 euros for the right to buy the shares in a certain time frame at 22 euros each. "Witching" is where the contracts simultaneously expire, causing trading to soar in the last hour. [Shares](https://www.santander.com/en/stories/share-buyback) and [bonds](https://www.santander.com/en/stories/what-are-green-bonds) might be what first spring to mind when we think about the [stock market](https://www.santander.com/en/stories/what-is-stock-market-fluctuation); but stock index futures, stock index options, stock options and single stock futures are some listed securities that also pique investors’ interest — so much that markets have special “witching hours” to trade them on the third Friday of March, June, September and December.

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