Banks Rally as Inflation Cools and Markets Rebound
Wall Street finished higher led by banks and technology on a day when inflation cooled to 6 percent in February, easing fears of aggressive Fed hikes. Major indexes rose with the S P 500 up 1.7 percent, the Dow Jones up 1.1 percent, and the Nasdaq up 2.1 percent. Bank stocks recovered after sharp declines, aided by a broader rally as Treasuries yielded less, and traders weighed possible slower or paused rate hikes. First Republic surged 27 percent, KeyCorp and Zions Bancorp gained, while Meta Platforms trimmed costs with job cuts as investors priced in a gentler inflation path and a potential Fed pivot.
MENTIONED IN THIS ARTICLE
Wall Street
Treasury
Federal Reserve
Fed
Brian Jacobsen
Allspring Global Investments
CME Group
Ket
Ross Mayfield
Baird
First Republic Bank
KeyCorp
Zions Bancorp
Charles Schwab
Facebook
Meta
S&p
Dow
Silicon Valley Bank Collapse Ties to Eased Rules and Uninsured Deposits
The bank’s rapid growth to 209 billion in assets left 94 percent of deposits uninsured beyond the 250 thousand cap. Critics and lawmakers fault the 2018 deregulation that exempted banks like SVB from stress tests and heavier reserves, amid regulatory oversight shifts by the Fed. Senator Warren called out CEO Greg Becker for lobbying and risk management failures. The episode frames a broader debate over impending Fed rule reviews.
MENTIONED IN THIS ARTICLE
Federal Deposit Insurance Corporation
S&p Signature
Silicon Valley
Aaron Klein
Brookings Institution
Fed
Barr
Trump
Congress
Greg Becker
Federal Reserve Bank of
Kelleher
EPA proposes tight PFAS limits for drinking water
Environmental and public health groups have long urged federal PFAS regulation. The EPA would set minimum detectable levels for PFOA and PFOS, the strictest feasible standards yet, drawing praise from advocates and sharp criticism from the American Chemistry Council over high compliance costs.
MENTIONED IN THIS ARTICLE
EPA
Melanie Benesh
Environmental Working Group
American Chemistry Council
Also Mentioned on This Page
Stan Choe
Alex Veiga
Associated Press
the Market IN Review
Dow Jones
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
Wilshire
Russell
Naspaa
RaptTher
FsiRepBk
GitLab A
Schwab
Lavoron
SophiaGen
SolunaHld
NaturaCo
Justin C. Miller
East Avenue
Elyria
Medina Ad
Ste
Medina,oh
Millerlagsio Hic
Imack’ Industries
Cally
Mack
Residential Septic Service Department
Norweco
Rsen Ans
da Ata Ea
2.Com
Columbia Rd
Valley City
Anacaconcrete.com
Ike
High Street
Wadsworth, OH
SRC Craueraal Lai
ST Ce Ee
ER Gazette
Cout
AMC
At&t Inc
Microsoft
MomntvGl
Amazons
Amber
MultnAuto
NY Cityb
AmAirlines
Newell Br
Apple Inc
NiSource
BcoBrad
BkofAm
Northropg BedBath
Nu Hldg
Nvidia
Carnival BungeLt
OwensCom
Cedarf
Pacisic
Cisco
Citigroup
Palantir
CocaCola
PepsiCo
Pfizer
Comcast
CredSuiss
RiotBlok
CventHl Hce
RiviaAu A
ExelaTers
FardyFuln
Shrwin
SilvgteCap
FstRepBk
Smucker
FirstEngy
Snapinc A
Fordm
SoFiTech
GenElec
GinkgoBi A
SwsinEngy GitLab A
TAL Educ
Target
HomeDp Tesla
HubCyber
TruistFn
HuntBnesh
Uber
VerizonCm
Jpmorgch
WalMart
Kohls
WellsFargo
LincNat
Wendys Co
LumenTch
Wsinallib
Lyft Inc
Tara
Mutual Fit
The
Sweet Crude
NYMX
New York Mercantile Exchange
Chicago Board of Trade
CME
Chicago Mercantile Sugar (World
ICE
Intercontinental Exchange
AmronBalAm
FdmilinvsAm
Grfamrca m
Incamrca m
Inccamrca m
NwPrspctvAm
Wamtinvsam
Dodge & Cox Incl
Dodge & Cox IntiStkl
Dodge & Cox
Fidelity
Vanguard
dxAdmil
Vanguard EqincAdmrl
Vanguard Hcadmrl
Vanguard Intrteadmrl
Vanguard Insidxins
Vanguard InsidxinsPlus
Vanguard PrmCpAdmrl
Vanguard Tibmidxadmil
Arrie Btn
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!