Stock market today

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 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.

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.

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

How much impact has turmoil in the U.S. banking system had on the cryptocurrency market? regulators decided to protect depositors.\n\nMarkus Thielen, head of research and strategy at crypto platform Matrixport, said crypto volumes rose because of “a flight to quality.”

U.S. futures are surging higher on Tuesday morning, after indices witnessed a volatile trading day on March 13, owing to the U.S. banking carnage.

Asia-Pacific markets ended the trading session in the red today, led by steep losses in the U.S. In the meantime, traders are rushing to safer investment options, namely U.S. The Nasdaq 100 (NDX), the S&P 500 ( [SPX](https://www.tipranks.com/index/spx)), and the Dow Jones Industrial Average ( [DJIA](https://www.tipranks.com/index/dow-jones)) are up 1.4%, 1.3%, and 0.8%, respectively, as of 9:32 a.m. As per Dow Jones’ estimates, the CPI is expected to rise 0.4% over January, while the annual headline inflation number is pegged at 6%, below January’s reading of 6.4%. Whether or not the Federal Reserve will reverse its hawkish interest rate stance depends mostly on February’s consumer price index (CPI) reading, set to be released at 8:30 a.m. [CPI data came in as expected](https://www.tipranks.com/news/cpi-report-in-line-with-expectations).

U.S. stock futures edged higher Tuesday morning, as crucial inflation data comes in-line with expectations, with regional bank stocks rallying, clawing back ...

Stocks climbed after consumer price data showed that inflation cooled in line with expectations in February, and bank stocks started to rebound. The Dow Jones ...

The inflation gauge rose 0.4% in February from the prior month, which was also in line with expectations and a decline from the 0.5% increase in January.\n\nCore CPI, which takes out volatile food and energy prices, climbed 5.5% from the prior year, which is what economists were expecting and a slight decline from the prior month's 5.6% increase. Stocks closed higher following a rally in bank stocks and new consumer price data that showed inflation is cooling.\n\nThe Dow Jones Industrial Average closed up 335 points, or 1.1%. The S&P 500 gained 1.7%, and the Nasdaq Composite jumped 2.1%.\n\nThe Dow had rallied more than 400 points earlier in the trading session after consumer price data showed that inflation cooled in line with expectations in February, and bank stocks started to rebound.\n\nStocks gave up their highs after news that a Russian jet struck the propeller of a U.S. Core CPI gained 0.5% in February from the previous month, which was slightly hotter than estimates of a 0.4% gain and higher than the prior month's 0.4% increase.\n\n“As markets digested the CPI report, there was relief felt in the market's reaction in that the slightly elevated readings in headline inflation and core inflation were within consensus estimates, placing less pressure on the Fed,” Quincy Krosby, chief global strategist for LPL Financial, wrote.\n\nThe Federal Reserve has been raising interest rates to bring down historically high inflation. The rate hikes have started to impact the banking industry, as seen by the failure of Silicon Valley Bank and Signature Bank.\n\nBank stocks were rallying after dropping sharply on Monday, with the hard-hit First Republic Bank (ticker: FRC) up around 28%, Western Alliance Bancorp (WAL) up 14%, and Comerica (CMA) up 3.6%. drone over the Black Sea.\n\nConsumer prices gained 6% year over year in February, matching economists’ expectations, according to FactSet, and marking a decline from January’s 6.4% gain.

US stocks rallied Tuesday as traders digested the latest inflation data, with the Dow Jones Industrial Average on track to snap a five-day slump.

[Brent crude](https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&utm_medium=ingest%3Futm_source%3Dmarkets&utm_medium=ingest%3Futm_source%3Dmarkets&utm_medium=ingest%3Futm_source%3Dmarkets&utm_medium=ingest%3Futm_source%3Dmarkets&utm_medium=ingest%3Futm_source%3Dmarkets&utm_medium=ingest&utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets), oil's international benchmark, dropped 2.2% to $79.00. [Three of crypto's most important banks have been closed.](https://markets.businessinsider.com/news/currencies/crypto-market-outlook-banking-crisis-expert-forecasts-svb-signature-silvergate-2023-3?utm_medium=ingest&utm_source=markets)Industry experts weighed in on what's next for the trillion-dollar market. [Gold](https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets)dipped 0.3% $1,911 per ounce. [First Republic and Western Alliance stock are under review](https://markets.businessinsider.com/news/stocks/svb-collapse-first-republic-western-alliance-moodys-downgrade-banking-crisis-2023-3?utm_medium=ingest&utm_source=markets)for a possible downgrade by Moody's. [Fed will launch an investigation](https://markets.businessinsider.com/news/stocks/federal-reserve-silicon-valley-bank-failure-investigate-jerome-powell-signature-2023-3?utm_medium=ingest&utm_source=markets)into its own oversight of SVB. [West Texas Intermediate crude](https://markets.businessinsider.com/commodities/oil-price?type=wti&utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets)oil fell 2.7% to $72.76 per barrel. Both were in line with estimates and signaled continued cooling in inflation as the Federal Reserve weighs its next step on interest rates. Shares of First Republic, PacWest, and Western Alliance were up double-digit percentage points. [S&P 500](https://markets.businessinsider.com/index/s&p_500?utm_source=markets&utm_medium=ingest%3Futm_source%3Dmarkets&utm_medium=ingest&utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets): 3,911.03, up 1.43% [Dow Jones Industrial Average](https://markets.businessinsider.com/index/dow_jones?utm_source=markets&utm_medium=ingest%3Futm_source%3Dmarkets&utm_medium=ingest&utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets): 32,136.72, up 1.00% (317.58 points) [Nasdaq Composite](https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&utm_medium=ingest%3Futm_source%3Dmarkets&utm_medium=ingest&utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets): 11,366.08, up 1.58% [Citadel boss Ken Griffin](https://markets.businessinsider.com/news/stocks/citadel-ken-griffin-svb-rescue-capitalism-breaking-down-moral-hazard-2023-3?utm_medium=ingest&utm_source=markets)told the Financial Times that the government's decision to rescue SVB depositors shows US capitalism "breaking down before our eyes." [Goldman Sachs predicted the central bank](https://markets.businessinsider.com/news/stocks/svb-failure-goldman-sachs-fed-interest-rate-hike-march-powell-2023-3?utm_medium=ingest&utm_source=markets) will pause interest rate hikes at next week's FOMC meeting, citing "considerable uncertainty." US stocks rallied Tuesday as traders digested the latest inflation data, with the Dow Jones Industrial Average on track to snap a five-day slump.