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U.S. stocks end sharply higher after inflation report, Nasdaq scores best quarter since 2020
U.S. stocks closed sharply higher Friday, following a softer-than-expected inflation report for February. The Nasdaq Composite ended March with its largest quarterly gain since 2020. How stocks traded The Dow Jones Industrial Average DJIA, +1.26% rose 415.12 points, or 1.3%, to close at 33,274.15. The S&P 500 SPX, +1.44% gained 58.48 points, or 1.4%, to…
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Money is moving out of bank accounts, but not necessarily because customers are panicking
But even before the crisis — which is hopefully subsiding — more retail banking customers said they were already pulling cash from their primary bank accounts, according to new information from J.D. Power. While inflation grinds away at account balances, rising interest rates have lured customers to take more of their money out of lower-yielding…
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The S&P 500 has hit a wall, but powerful market forces are shaping up to push it through
The stock market, as measured by the S&P 500 Index SPX, +1.44%, continues to struggle to make headway. The downtrend that began at the beginning of February is still in place. It is a series of lower highs and lower lows on the SPX chart, and the S&P 500 has repeatedly run into resistance at…
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GCM23 | Gold Jun 2023 Overview
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Are tech stocks becoming a haven again? ‘It’s a mistake,’ say market analysts.
Volatility among banking-sector stocks caused by the quick collapse of Silicon Valley Bank earlier this month has ignited a rush into technology stocks to the extent that are now seen as a safe-haven trade. The tech-focused Nasdaq-100 index NDX, +1.68%, which tracks the top 100 nonfinancial companies listed on the Nasdaq exchange, has risen 18.5%…
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Here are the 20 best performing stocks of March — and the 20 worst
(Updated with closing prices on March 31.) Technology stocks dominated during March, with remarkable gains for a sector that tumbled last year. Meanwhile, two high-profile bank failures took their toll on the financial sector — but maybe that sector performed better than you expected. Below are lists of the month’s best and worst performing stocks…
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U.S. workers can’t keep their minds off work — especially if they’re higher-income, Pew study finds
U.S. workers are having a hard time disconnecting from work, and that could be causing burnout, according to a new study by Pew Research Center. The report, which interviewed more than 5,700 U.S. adults who are working full- or part-time about how the coronavirus pandemic affected their workplace and how they have adapted to remote…
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How the FDIC has set a ‘baseline’ for troubled commercial real estate
A bank failure can happen in the blink of an eye, but in the case of Silicon Valley Bank, the aftermath is taking longer to play out. And the Federal Deposit Insurance Corp.’s latest action — selling $72 billion of the failed San Francisco bank’s loans to First First Citizens BancShares of Raleigh, N.C., at…
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RCKY Stock Price | Rocky Brands Inc. Stock Quote (U.S.: Nasdaq)
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New Los Angeles ‘mansion tax’ has some sellers racing to close
In the rarified air of luxury Los Angeles real estate, 30 days is a common closing timeline and two weeks would be speedy, explained Billy Rose, who’s guided buyers and sellers through high-end home purchases for years. This week, work for Rose’s brokerage firm, The Agency, included two deals that went to closing in three…