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Dow futures lift as Fed contains banking crisis

AuthorOliver Gray
Published 03/12/2023, 07:36 PM
Updated 03/12/2023, 07:41 PM
© Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures lifted nearly 1% during Sunday's evening deals, after major indices capped off the week with significant declines as Federal Reserve policymakers promised that depositors at SVB Financial (NASDAQ:SIVB) will have access to their money.

In the week ahead, market participants will be closely monitoring consumer and producer price index data, retail sales, business inventories, building permits, Philadelphia Fed manufacturing, Michigan consumer sentiment and expectations, as well as industrial production. FOMC member Bowman is also scheduled to speak.

Among earnings, companies scheduled to report include FedEx Corporation (NYSE:FDX), Adobe Systems Incorporated (NASDAQ:ADBE), and Dollar General Corporation (NYSE:DG).

On the bond markets , United States 10-Year rates were at 3.703%.

 

Latest comments

The Fed 'saves' the day, but unfortunately they won't save the month. It's a deep recession or massive dollar inflation to save banks and the street, as mainstreet is massively flooded in high interest debt.
In a Healthy economy’s banks won’t default
Not true. There’s always going to be badly managed banks like the two that have failed. SVB didn’t seem to have any idea what they were doing.
Two poorly managed regional banks is not a banking crisis.
Regulators should have stepped in earlier
what a joke!!!
So the entire futures market blasts off because they believe the Fed will pause hikes? Seriously? And that act will save the banking industry and everything will be Okey doky?? What are these people, 5th graders?
Fed will incease rates march 22
Looks like you shorted. Sorry for your loss.
@jim: I think the cash market will tell a different story by EOD.
Contained with more printed money, raising the deficit and contributing to higher inflation.
I need one of those printers
banksters immediately start buyng commodities making people's live more expensive
Maybe Ukraine buys SVB lol
Possibly Hunter will buy it, for the big guy.
Adani caused failure of SVB
there is no bank crisis..is only bank for startups and crypto business. Which is normal when everybody borrow money and dont pay it back to the banks. Stop saying is a recession.
But the fact that there was a banking crisis is nothing to be concerned about? Stocks up!
it is only a bank for start ups. u can guess why it collapsed. nobody pay it back😂
recession is coming 😧😨😨
By every definition used the last 80 years tje recession is already here and has been for some time.
Depression
@William: Yeah, what definitions? GDP? Employment? Or maybe you don't know what you are talking about.
stop printing currency notes the whole world suffered
that i agree. the fed printing machine is what making everything including food becomes expensive.
Yeh....Yippee ...Feds to the rescue...... no more recession.......
This is not even close to being over. Anyone else remember “subprime is contained”?
Banks collapsing in NY and California Two democrats sheetholes.
Yet most broke top 10 states are red
Mad.. absolutely false
 Then why are businesses closing in blue states and people are fleeing their inner cities?  They are destroying America. No one ever flees a red state for a blue one though.  Trash.
Contained, my rear end. Subprime loans are on the brink of total collapse bigger than 2008/09.
Contained for the time being.
Wow, the Fed is the best Mom ever....Don't worry banks and depositors mommy will make everything alright. Go back to sleep.....
Ridiculous headline
red by 9 30 am
short squeeze next few days they will pump green
So the Fed is supposed to stop what it does to save a couple of poorly managed and overseen banks.
Yay, thanks Federal Reserve you saved our economy again I am really happy
we don't live in capitalism.... We live in a Marxist communism economy.... I'm not surprised we will be a full-time communist country next....
there are other countries that are more capitalist. Go there
where???? europe is becoming third world country, canada is run by fidel castro illegitimate son, aussy and kiwi has more cow and sheep than human beings???? where????
north korea mybe?🤣
Another bank is bailed. Nothing to see here folks
“Subprime is contained”
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