Please try another search
© Reuters.
By Liz Moyer
Investing.com -- Stocks sank on Wednesday but recovered from their lows on fresh concerns about a spreading contagion in the banking sector.
Credit Suisse Group (NYSE:CS) was under pressure after a top investor said it couldn't offer more financial assistance. Late Wednesday, Swiss regulators said they would step in to provide liquidity if needed, seeking to stabilize the situation.
Traders have shifted their bets on the outcome of next week's Federal Reserve policy meeting. About half of traders are betting on a quarter of a percentage point increase, while the other half are betting on a pause.
In just over a week, the sentiment has shifted. Last week, Fed Chair Jerome Powell signaled continued high inflation meant the Fed could aggressively move on rates, but now the thinking is that the economy has slowed and rates could start coming down later this year. Investors are waiting to hear what Powell says next week, and what the dot-plot projections by Fed policymakers forecast.
Here are three things that could affect markets tomorrow:
1. Housing starts
The housing market has been pummeled by rising mortgage rates in recent months, but that could be turning around. Analysts expect housing starts data for February at 8:30 ET (12:30 GMT) and for it to say the economy added 1.31 million homes on an annualized basis, up from 1.309 million the prior month.
2. Jobless claims
Analysts expect initial jobless claims to be 205,000, down slightly from the prior week, despite constant headlines about layoffs in the technology sector.
3. FedEx earnings
In corporate earnings, logistics giant FedEx Corporation (NYSE:FDX) is expected to report earnings per share of $2.73 on revenue of $22.7 billion, while discounter Dollar General Corporation (NYSE:DG) is expected to report earnings per share of $2.99 on revenue of $10.2B.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.