Tag: Bank scare

Bad News Gives Markets a One-Two Punch – Weekly Update

March 13, 2023 | By Steven DiGregorio

Stocks tumbled last week as investors reconsidered their interest rate expectations after Fed Chair Powell’s Congressional testimony that rates may need to go higher. Stocks also were rattled when a west coast bank was placed into receivership on Friday following a run on deposits. The Dow Jones Industrial Average dropped 4.44%, while the Standard & […] READ MORE