Dow

2023 - 3 - 13

stock market today

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.

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

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 ...

government and Federal Reserve stepped to rescue the beleaguered banks, agreeing to backstop all depositors. “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. [SBNY](/equities/signature-bank)), the U.S.

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%.

Dow Falls Yet Again Despite Federal Help for SVM (InvestorsObserver)

The Dow Jones Industrial Average dropped on Monday as a Federal Reserve plan to backstop all the depositors in failed Silicon Valley Bank, along with other ...

The Federal Reserve also said it is creating a new Bank Term Funding Program aimed at safeguarding deposits. Tuesday's consumer price index report is the last major inflation data release ahead of the Fed's next meeting, ending March 22. The facility will offer loans of up to one year to banks, saving associations, credit unions and other institutions. The Fed also said it is creating a new Bank Term Funding Program aimed at safeguarding deposits. All Silicon Valley Bank depositors will have access to their money starting Monday, according to a joint statement from the Treasury Department, Federal Reserve and the Federal Deposit Insurance Corporation. A joint statement from the Fed, Treasury Department and the Federal Deposit Insurance Corporation said all Silicon Valley Bank depositors would have access to their money starting Monday.

Dow Jones, Nasdaq 100 Mixed Reaction to SVB Collapse Speaks to ... (DailyFX)

The Dow Jones fell but the Nasdaq 100 rallied on Monday as markets strongly priced in a Fed pivot in the fallout of SVB's collapse.

[Bitcoin](https://www.dailyfx.com/bitcoin) soared on Monday. The Dow Jones appears to be trading within the boundaries of a Descending Channel since the end of December. Meanwhile, anti-fiat [gold prices](https://www.dailyfx.com/gold-price) soared. Also, the Nasdaq was unable to clear the 50-day SMA, establishing it as key support. Historically speaking, the bottoming of the yield curve (in this case, the spread between 10-year and 2-year rates) has been associated with preceding recessions. This spread soared a massive 54% on Monday (although it remains inverted). But, keep in mind that in less than 24 hours, the next US inflation report crosses the wires. Shares from Western Alliance (-47%) and First Republic (-62%) were a couple of the standouts. The [US Dollar](https://www.dailyfx.com/us-dollar-index), the go-to haven, has been punished since Wednesday. [immediate implications of a potential Fed pivot](https://twitter.com/ddubrovskyFX/status/1635420828895698945). Global market volatility remained tense to start off the new trading week in the wake of last week’s failure of Silicon Valley Bank (SVB). This market reaction comes despite efforts from the US government to shore up confidence in the banking system.

Dow futures trade higher, banking crisis and CPI in focus (Yahoo Finance)

By Oliver Gray. Investing.com - U.S. stock futures were trading slightly higher during Monday's evening trade after major benchmark averages finished in a ...

S&P 500, Nasdaq, Dow end mixed as SVB collapse sends volatility ... (Proactive Investors USA & Canada)

4:14pm: Banking stocks take big hits The Dow closed Monday down 91 points, 0.3%, at 31819, while the Nasdaq Composite added 50 points, 0.5%, to 11189 and...

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. “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.” The small-cap Russell 200 index declined 3.2% to 1,769. President Biden assured SVB depositors that their money would be protected, and some speculated the bank's failure would mean an end to interest rate hikes when the Federal Reserve meets next week. The small-cap Russell 2000 index declined 24 points, 1.4%, to 1,749. “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. Wall Street is expected to open higher after US regulators stepped in to protect depositors at collapsed Silicon Valley Bank (SVB) and Signature Bank, with the demise of the two tech-focused banks making it less likely that the Federal Reserve will pursue a hawkish agenda when it decides on its next interest rate hike later this month. Shares of First Republic Bank had fallen more than 65% at the open with investors betting on it being the next bank to fall. “Fears of broader contagion linked to the collapse of SVB and the closure of Signature Bank have seen stock markets coming under heavy selling pressure,” he said. Harte noted that, additionally, the State Chartering Authority announced that it was closing Signature Bank to avoid the bank suffering a similar collapse to that of SVB due to liquidity strains there. At midday, the Dow gained 299 points to 32,208 while the S&P 500 added 40 points at 3,901 and the tech-heavy Nasdaq rose 140 points to 11,279. The Dow closed Monday down 91 points, 0.3%, at 31,819, while the Nasdaq Composite added 50 points, 0.5%, to 11,189 and the S&P 500 lost 6 points, 0.2%, to 3,856.

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.

Dow

Explore the last week