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torodaka
2023-03-10
Amazing👍
Wall St Falls on Bank Stocks Tumble, Jobs Report Jitters
torodaka
2023-03-09
[Miser]
US Jobless Claims Jump to 211,000, Highest Level Since December
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Investors fled the sector after tech-industry lender <a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group</a> launched a share sale to shore up its balance sheet due to declining deposits from startups struggling for funding.</p><p>The Nasadaq ended down more than 2% while the benchmark S&P 500 and the Dow lost close to 2%.</p><p>Investors were also stressing out before Friday's U.S. non-farm payrolls report for February with expectations for large wage increases fueling inflation worries. Fed Chair Jerome Powell this week exacerbated concerns about upcoming interest rate hikes aimed at fighting stubbornly high inflation.</p><p>Traders were betting that chances of a 50-basis-point rate hike at the Fed's March meeting were around 60%, according to CME Group's FedWatch tool, up sharply from a probability of 31% before Powell's Tuesday and Wednesday appearances in Congress.</p><p>"There's a lot of anticipation around tomorrow's jobs report. We're going to get a slew of data in the next week and a half," said Mona Mahajan, Senior Investment Strategist, Edward Jones, New York, also citing inflation and retail sales reports all due out before the next Fed meeting which ends March 22.</p><p>Earlier on Thursday, Labor Department data showed initial claims for state unemployment benefits rose 21,000 to a seasonally adjusted 211,000 for the week ended March 4, compared with economist forecasts for 195,000 claims.</p><p>While last week's increased jobless claims may be "the first sign the labor market may be showing signs of loosening," Mahajan wants to see "more data points to establish a trend."</p><p>The February non-farm payrolls report is expected to show a payrolls increase of 205,000 after January's blowout 517,000 figure, which had already led markets to brace for a bigger U.S. rate hike.</p><p>Any proof last month's "gigantic payrolls number wasn't an anomaly" would serve to "reinforce the market's anxieties around the Fed's response to it," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.</p><p>And with February wage increases expected to rise 4.7% compared with January's 4.4%, "it feels like its ticking in the wrong direction even if we just meet expectations," said Mahajan who will be closely watching the wage data.</p><p>The Dow Jones Industrial Average fell 543.54 points, or 1.66%, to 32,254.86, the S&P 500 lost 73.69 points, or 1.85%, to 3,918.32 and the Nasdaq Composite dropped 237.65 points, or 2.05%, to 11,338.36.</p><p>The biggest drag on the S&P 500 came from the financial sector followed by information technology.</p><p>The financials index ended the day down 4%, its deepest one-day percentage loss since June 2020. The S&P bank sub-sector turned negative for the year-to-date on Thursday, last down 4.7% so far for 2023. Thursday was its first full day trading below its 200-day moving average since Jan. 5.</p><p>All the S&P's 11 major industry sectors ended the session lower. Utilities, down 0.8% was the smallest decliner. Consumer staples was the next smallest, down 0.95%, with healthcare down 1%.</p><p>With investors already concerned that the Fed could over-tighten and cause a recession and hurt bank lending demand, "there's an element of 'sell-first ask questions later' with regard to contagion risk," from SVB Financial for banks said Luschini at Janney Montgomery Scott.</p><p>SVB closed down 60% at $106.04 after falling at one point by around 63% and hitting its lowest level since August 2016 after the lender slashed its 2023 outlook and launched a share sale to shore up its balance sheet.</p><p>Also weighing on the sub-index was <a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a>, which tumbled 12% to $90.76 after its crypto-bank peer <a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a> Corp disclosed plans to voluntarily liquidate. Silvergate closed down 42% to $2.84.</p><p>On the bright side, General Electric Co closed up more than 5% after the industrial conglomerate reiterated its 2023 earnings forecast.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 5.12-to-1 ratio; on Nasdaq, a 3.83-to-1 ratio favored decliners.</p><p>The S&P 500 posted 5 new 52-week highs and 22 new lows; the Nasdaq Composite recorded 58 new highs and 289 new lows.</p><p>On U.S exchanges 11.69 billion shares changed hands compared with the 10.95 billion average for the last 20 sessions.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall St Falls on Bank Stocks Tumble, Jobs Report Jitters</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall St Falls on Bank Stocks Tumble, Jobs Report Jitters\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-03-10 06:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Investors eye await Friday's jobs report</p><p>* Bank stocks tumble after SVB announces share sale</p><p>* General Electric rises after reiterating forecast</p><p>* Indexes down: Dow 1.85%, S&P 1.66%, Nasdaq 2.05%</p><p><img src=\"https://static.tigerbbs.com/355cee9ca35897c517870589a69b5a58\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>March 9 (Reuters) - Wall Street's three major stock indexes closed lower on Thursday, with bank stocks creating the biggest drag while investors also worried that Friday's jobs report could spur more aggressive interest rate hikes from the Federal Reserve.</p><p>The S&P 500's bank index finished down 6.6% after hitting its lowest level since mid-October. Investors fled the sector after tech-industry lender <a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group</a> launched a share sale to shore up its balance sheet due to declining deposits from startups struggling for funding.</p><p>The Nasadaq ended down more than 2% while the benchmark S&P 500 and the Dow lost close to 2%.</p><p>Investors were also stressing out before Friday's U.S. non-farm payrolls report for February with expectations for large wage increases fueling inflation worries. Fed Chair Jerome Powell this week exacerbated concerns about upcoming interest rate hikes aimed at fighting stubbornly high inflation.</p><p>Traders were betting that chances of a 50-basis-point rate hike at the Fed's March meeting were around 60%, according to CME Group's FedWatch tool, up sharply from a probability of 31% before Powell's Tuesday and Wednesday appearances in Congress.</p><p>"There's a lot of anticipation around tomorrow's jobs report. We're going to get a slew of data in the next week and a half," said Mona Mahajan, Senior Investment Strategist, Edward Jones, New York, also citing inflation and retail sales reports all due out before the next Fed meeting which ends March 22.</p><p>Earlier on Thursday, Labor Department data showed initial claims for state unemployment benefits rose 21,000 to a seasonally adjusted 211,000 for the week ended March 4, compared with economist forecasts for 195,000 claims.</p><p>While last week's increased jobless claims may be "the first sign the labor market may be showing signs of loosening," Mahajan wants to see "more data points to establish a trend."</p><p>The February non-farm payrolls report is expected to show a payrolls increase of 205,000 after January's blowout 517,000 figure, which had already led markets to brace for a bigger U.S. rate hike.</p><p>Any proof last month's "gigantic payrolls number wasn't an anomaly" would serve to "reinforce the market's anxieties around the Fed's response to it," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.</p><p>And with February wage increases expected to rise 4.7% compared with January's 4.4%, "it feels like its ticking in the wrong direction even if we just meet expectations," said Mahajan who will be closely watching the wage data.</p><p>The Dow Jones Industrial Average fell 543.54 points, or 1.66%, to 32,254.86, the S&P 500 lost 73.69 points, or 1.85%, to 3,918.32 and the Nasdaq Composite dropped 237.65 points, or 2.05%, to 11,338.36.</p><p>The biggest drag on the S&P 500 came from the financial sector followed by information technology.</p><p>The financials index ended the day down 4%, its deepest one-day percentage loss since June 2020. The S&P bank sub-sector turned negative for the year-to-date on Thursday, last down 4.7% so far for 2023. Thursday was its first full day trading below its 200-day moving average since Jan. 5.</p><p>All the S&P's 11 major industry sectors ended the session lower. Utilities, down 0.8% was the smallest decliner. Consumer staples was the next smallest, down 0.95%, with healthcare down 1%.</p><p>With investors already concerned that the Fed could over-tighten and cause a recession and hurt bank lending demand, "there's an element of 'sell-first ask questions later' with regard to contagion risk," from SVB Financial for banks said Luschini at Janney Montgomery Scott.</p><p>SVB closed down 60% at $106.04 after falling at one point by around 63% and hitting its lowest level since August 2016 after the lender slashed its 2023 outlook and launched a share sale to shore up its balance sheet.</p><p>Also weighing on the sub-index was <a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a>, which tumbled 12% to $90.76 after its crypto-bank peer <a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a> Corp disclosed plans to voluntarily liquidate. Silvergate closed down 42% to $2.84.</p><p>On the bright side, General Electric Co closed up more than 5% after the industrial conglomerate reiterated its 2023 earnings forecast.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 5.12-to-1 ratio; on Nasdaq, a 3.83-to-1 ratio favored decliners.</p><p>The S&P 500 posted 5 new 52-week highs and 22 new lows; the Nasdaq Composite recorded 58 new highs and 289 new lows.</p><p>On U.S exchanges 11.69 billion shares changed hands compared with the 10.95 billion average for the last 20 sessions.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","COMP":"Compass, Inc.","GE":"GE航空航天","BK4211":"区域性银行","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU1861217088.USD":"贝莱德金融科技A2","BK4559":"巴菲特持仓","SH":"标普500反向ETF","BK4550":"红杉资本持仓","BK4588":"碎股","IVV":"标普500指数ETF","UPRO":"三倍做多标普500ETF",".SPX":"S&P 500 Index","SSO":"两倍做多标普500ETF","BK4581":"高盛持仓","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","OEX":"标普100",".IXIC":"NASDAQ Composite","BK4504":"桥水持仓","SPXU":"三倍做空标普500ETF",".DJI":"道琼斯","OEF":"标普100指数ETF-iShares","SPY":"标普500ETF","SDS":"两倍做空标普500ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318486822","content_text":"* Investors eye await Friday's jobs report* Bank stocks tumble after SVB announces share sale* General Electric rises after reiterating forecast* Indexes down: Dow 1.85%, S&P 1.66%, Nasdaq 2.05%March 9 (Reuters) - Wall Street's three major stock indexes closed lower on Thursday, with bank stocks creating the biggest drag while investors also worried that Friday's jobs report could spur more aggressive interest rate hikes from the Federal Reserve.The S&P 500's bank index finished down 6.6% after hitting its lowest level since mid-October. Investors fled the sector after tech-industry lender SVB Financial Group launched a share sale to shore up its balance sheet due to declining deposits from startups struggling for funding.The Nasadaq ended down more than 2% while the benchmark S&P 500 and the Dow lost close to 2%.Investors were also stressing out before Friday's U.S. non-farm payrolls report for February with expectations for large wage increases fueling inflation worries. Fed Chair Jerome Powell this week exacerbated concerns about upcoming interest rate hikes aimed at fighting stubbornly high inflation.Traders were betting that chances of a 50-basis-point rate hike at the Fed's March meeting were around 60%, according to CME Group's FedWatch tool, up sharply from a probability of 31% before Powell's Tuesday and Wednesday appearances in Congress.\"There's a lot of anticipation around tomorrow's jobs report. We're going to get a slew of data in the next week and a half,\" said Mona Mahajan, Senior Investment Strategist, Edward Jones, New York, also citing inflation and retail sales reports all due out before the next Fed meeting which ends March 22.Earlier on Thursday, Labor Department data showed initial claims for state unemployment benefits rose 21,000 to a seasonally adjusted 211,000 for the week ended March 4, compared with economist forecasts for 195,000 claims.While last week's increased jobless claims may be \"the first sign the labor market may be showing signs of loosening,\" Mahajan wants to see \"more data points to establish a trend.\"The February non-farm payrolls report is expected to show a payrolls increase of 205,000 after January's blowout 517,000 figure, which had already led markets to brace for a bigger U.S. rate hike.Any proof last month's \"gigantic payrolls number wasn't an anomaly\" would serve to \"reinforce the market's anxieties around the Fed's response to it,\" said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.And with February wage increases expected to rise 4.7% compared with January's 4.4%, \"it feels like its ticking in the wrong direction even if we just meet expectations,\" said Mahajan who will be closely watching the wage data.The Dow Jones Industrial Average fell 543.54 points, or 1.66%, to 32,254.86, the S&P 500 lost 73.69 points, or 1.85%, to 3,918.32 and the Nasdaq Composite dropped 237.65 points, or 2.05%, to 11,338.36.The biggest drag on the S&P 500 came from the financial sector followed by information technology.The financials index ended the day down 4%, its deepest one-day percentage loss since June 2020. The S&P bank sub-sector turned negative for the year-to-date on Thursday, last down 4.7% so far for 2023. Thursday was its first full day trading below its 200-day moving average since Jan. 5.All the S&P's 11 major industry sectors ended the session lower. Utilities, down 0.8% was the smallest decliner. Consumer staples was the next smallest, down 0.95%, with healthcare down 1%.With investors already concerned that the Fed could over-tighten and cause a recession and hurt bank lending demand, \"there's an element of 'sell-first ask questions later' with regard to contagion risk,\" from SVB Financial for banks said Luschini at Janney Montgomery Scott.SVB closed down 60% at $106.04 after falling at one point by around 63% and hitting its lowest level since August 2016 after the lender slashed its 2023 outlook and launched a share sale to shore up its balance sheet.Also weighing on the sub-index was Signature Bank, which tumbled 12% to $90.76 after its crypto-bank peer Silvergate Capital Corp disclosed plans to voluntarily liquidate. Silvergate closed down 42% to $2.84.On the bright side, General Electric Co closed up more than 5% after the industrial conglomerate reiterated its 2023 earnings forecast.Declining issues outnumbered advancing ones on the NYSE by a 5.12-to-1 ratio; on Nasdaq, a 3.83-to-1 ratio favored decliners.The S&P 500 posted 5 new 52-week highs and 22 new lows; the Nasdaq Composite recorded 58 new highs and 289 new lows.On U.S exchanges 11.69 billion shares changed hands compared with the 10.95 billion average for the last 20 sessions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949360538,"gmtCreate":1678370164025,"gmtModify":1678373597355,"author":{"id":"4141464308654642","authorId":"4141464308654642","name":"torodaka","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4141464308654642","authorIdStr":"4141464308654642"},"themes":[],"htmlText":"[Miser] ","listText":"[Miser] ","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949360538","repostId":"1196882656","repostType":2,"repost":{"id":"1196882656","kind":"news","pubTimestamp":1678368827,"share":"https://ttm.financial/m/news/1196882656?lang=&edition=fundamental","pubTime":"2023-03-09 21:33","market":"us","language":"en","title":"US Jobless Claims Jump to 211,000, Highest Level Since December","url":"https://stock-news.laohu8.com/highlight/detail?id=1196882656","media":"Bloomberg","summary":"Applications for US unemployment benefits last week rose to the highest since December, driven by sp","content":"<html><head></head><body><p>Applications for US unemployment benefits last week rose to the highest since December, driven by spikes in California and New York and suggesting some softening in what’s still a tight labor market.</p><p>Initial unemployment claims increased by 21,000 to 211,000 in the week ended March 4, Labor Department data showed Thursday. The figure surpassed all economists’ forecasts. The median estimate was for 195,000 applications.</p><p>Continuing claims, which include people who have received unemployment benefits for a week or more and are a good indicator of how hard it is for people to find work after losing their job, surged 69,000 to 1.72 million in the week ended Feb. 25, the biggest jump since November 2021.</p><p>Despite the jump in claims, the labor market remains robust. Reports onprivate payrollsandjobs openingsreleased this week showed solid hiring and demand for workers.</p><p>Federal Reserve Chair Jerome Powell testified before Congress this week that should economic data continue to come in strong, the central bank could hike interest rates at a faster pace, though policymakers haven’t made a decision yet for their upcoming policy meeting.</p><p>Much of that will depend on Friday’s government jobs report, which economists reckon could tilt the balance in favor of bigger interest-rate hikes. Estimates call for 225,000 payrolls in February and for the unemployment rate to hold at a five-decade low.</p><p>The claims data can be choppy from week-to-week and especially around holidays, and the figures came near Presidents’ Day. The four-week moving average in initial claims, which smooths out some of the volatility, edged up to 197,000, the highest since January.</p><p>On an unadjusted basis, claims jumped by more than 35,000 to 237,513. California and New York accounted for three quarters of the increase.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Jobless Claims Jump to 211,000, Highest Level Since December</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Jobless Claims Jump to 211,000, Highest Level Since December\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-09 21:33 GMT+8 <a href=https://www.bloomberg.com/news/articles/2023-03-09/us-jobless-claims-jump-to-211-000-highest-level-since-december?srnd=economics-v2#xj4y7vzkg&leadSource=uverify%20wall&leadSource=uverify%20wall><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Applications for US unemployment benefits last week rose to the highest since December, driven by spikes in California and New York and suggesting some softening in what’s still a tight labor market....</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-09/us-jobless-claims-jump-to-211-000-highest-level-since-december?srnd=economics-v2#xj4y7vzkg&leadSource=uverify%20wall&leadSource=uverify%20wall\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2023-03-09/us-jobless-claims-jump-to-211-000-highest-level-since-december?srnd=economics-v2#xj4y7vzkg&leadSource=uverify%20wall&leadSource=uverify%20wall","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196882656","content_text":"Applications for US unemployment benefits last week rose to the highest since December, driven by spikes in California and New York and suggesting some softening in what’s still a tight labor market.Initial unemployment claims increased by 21,000 to 211,000 in the week ended March 4, Labor Department data showed Thursday. The figure surpassed all economists’ forecasts. The median estimate was for 195,000 applications.Continuing claims, which include people who have received unemployment benefits for a week or more and are a good indicator of how hard it is for people to find work after losing their job, surged 69,000 to 1.72 million in the week ended Feb. 25, the biggest jump since November 2021.Despite the jump in claims, the labor market remains robust. Reports onprivate payrollsandjobs openingsreleased this week showed solid hiring and demand for workers.Federal Reserve Chair Jerome Powell testified before Congress this week that should economic data continue to come in strong, the central bank could hike interest rates at a faster pace, though policymakers haven’t made a decision yet for their upcoming policy meeting.Much of that will depend on Friday’s government jobs report, which economists reckon could tilt the balance in favor of bigger interest-rate hikes. Estimates call for 225,000 payrolls in February and for the unemployment rate to hold at a five-decade low.The claims data can be choppy from week-to-week and especially around holidays, and the figures came near Presidents’ Day. The four-week moving average in initial claims, which smooths out some of the volatility, edged up to 197,000, the highest since January.On an unadjusted basis, claims jumped by more than 35,000 to 237,513. California and New York accounted for three quarters of the increase.","news_type":1},"isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9949360538,"gmtCreate":1678370164025,"gmtModify":1678373597355,"author":{"id":"4141464308654642","authorId":"4141464308654642","name":"torodaka","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4141464308654642","authorIdStr":"4141464308654642"},"themes":[],"htmlText":"[Miser] ","listText":"[Miser] ","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949360538","repostId":"1196882656","repostType":2,"isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949347580,"gmtCreate":1678403463440,"gmtModify":1678413453364,"author":{"id":"4141464308654642","authorId":"4141464308654642","name":"torodaka","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4141464308654642","authorIdStr":"4141464308654642"},"themes":[],"htmlText":"Amazing👍","listText":"Amazing👍","text":"Amazing👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949347580","repostId":"2318486822","repostType":4,"repost":{"id":"2318486822","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1678401760,"share":"https://ttm.financial/m/news/2318486822?lang=&edition=fundamental","pubTime":"2023-03-10 06:42","market":"us","language":"en","title":"Wall St Falls on Bank Stocks Tumble, Jobs Report Jitters","url":"https://stock-news.laohu8.com/highlight/detail?id=2318486822","media":"Reuters","summary":"* Investors eye await Friday's jobs report* Bank stocks tumble after SVB announces share sale* Gener","content":"<html><head></head><body><p>* Investors eye await Friday's jobs report</p><p>* Bank stocks tumble after SVB announces share sale</p><p>* General Electric rises after reiterating forecast</p><p>* Indexes down: Dow 1.85%, S&P 1.66%, Nasdaq 2.05%</p><p><img src=\"https://static.tigerbbs.com/355cee9ca35897c517870589a69b5a58\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>March 9 (Reuters) - Wall Street's three major stock indexes closed lower on Thursday, with bank stocks creating the biggest drag while investors also worried that Friday's jobs report could spur more aggressive interest rate hikes from the Federal Reserve.</p><p>The S&P 500's bank index finished down 6.6% after hitting its lowest level since mid-October. Investors fled the sector after tech-industry lender <a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group</a> launched a share sale to shore up its balance sheet due to declining deposits from startups struggling for funding.</p><p>The Nasadaq ended down more than 2% while the benchmark S&P 500 and the Dow lost close to 2%.</p><p>Investors were also stressing out before Friday's U.S. non-farm payrolls report for February with expectations for large wage increases fueling inflation worries. Fed Chair Jerome Powell this week exacerbated concerns about upcoming interest rate hikes aimed at fighting stubbornly high inflation.</p><p>Traders were betting that chances of a 50-basis-point rate hike at the Fed's March meeting were around 60%, according to CME Group's FedWatch tool, up sharply from a probability of 31% before Powell's Tuesday and Wednesday appearances in Congress.</p><p>"There's a lot of anticipation around tomorrow's jobs report. We're going to get a slew of data in the next week and a half," said Mona Mahajan, Senior Investment Strategist, Edward Jones, New York, also citing inflation and retail sales reports all due out before the next Fed meeting which ends March 22.</p><p>Earlier on Thursday, Labor Department data showed initial claims for state unemployment benefits rose 21,000 to a seasonally adjusted 211,000 for the week ended March 4, compared with economist forecasts for 195,000 claims.</p><p>While last week's increased jobless claims may be "the first sign the labor market may be showing signs of loosening," Mahajan wants to see "more data points to establish a trend."</p><p>The February non-farm payrolls report is expected to show a payrolls increase of 205,000 after January's blowout 517,000 figure, which had already led markets to brace for a bigger U.S. rate hike.</p><p>Any proof last month's "gigantic payrolls number wasn't an anomaly" would serve to "reinforce the market's anxieties around the Fed's response to it," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.</p><p>And with February wage increases expected to rise 4.7% compared with January's 4.4%, "it feels like its ticking in the wrong direction even if we just meet expectations," said Mahajan who will be closely watching the wage data.</p><p>The Dow Jones Industrial Average fell 543.54 points, or 1.66%, to 32,254.86, the S&P 500 lost 73.69 points, or 1.85%, to 3,918.32 and the Nasdaq Composite dropped 237.65 points, or 2.05%, to 11,338.36.</p><p>The biggest drag on the S&P 500 came from the financial sector followed by information technology.</p><p>The financials index ended the day down 4%, its deepest one-day percentage loss since June 2020. The S&P bank sub-sector turned negative for the year-to-date on Thursday, last down 4.7% so far for 2023. Thursday was its first full day trading below its 200-day moving average since Jan. 5.</p><p>All the S&P's 11 major industry sectors ended the session lower. Utilities, down 0.8% was the smallest decliner. Consumer staples was the next smallest, down 0.95%, with healthcare down 1%.</p><p>With investors already concerned that the Fed could over-tighten and cause a recession and hurt bank lending demand, "there's an element of 'sell-first ask questions later' with regard to contagion risk," from SVB Financial for banks said Luschini at Janney Montgomery Scott.</p><p>SVB closed down 60% at $106.04 after falling at one point by around 63% and hitting its lowest level since August 2016 after the lender slashed its 2023 outlook and launched a share sale to shore up its balance sheet.</p><p>Also weighing on the sub-index was <a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a>, which tumbled 12% to $90.76 after its crypto-bank peer <a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a> Corp disclosed plans to voluntarily liquidate. Silvergate closed down 42% to $2.84.</p><p>On the bright side, General Electric Co closed up more than 5% after the industrial conglomerate reiterated its 2023 earnings forecast.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 5.12-to-1 ratio; on Nasdaq, a 3.83-to-1 ratio favored decliners.</p><p>The S&P 500 posted 5 new 52-week highs and 22 new lows; the Nasdaq Composite recorded 58 new highs and 289 new lows.</p><p>On U.S exchanges 11.69 billion shares changed hands compared with the 10.95 billion average for the last 20 sessions.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall St Falls on Bank Stocks Tumble, Jobs Report Jitters</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall St Falls on Bank Stocks Tumble, Jobs Report Jitters\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-03-10 06:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Investors eye await Friday's jobs report</p><p>* Bank stocks tumble after SVB announces share sale</p><p>* General Electric rises after reiterating forecast</p><p>* Indexes down: Dow 1.85%, S&P 1.66%, Nasdaq 2.05%</p><p><img src=\"https://static.tigerbbs.com/355cee9ca35897c517870589a69b5a58\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>March 9 (Reuters) - Wall Street's three major stock indexes closed lower on Thursday, with bank stocks creating the biggest drag while investors also worried that Friday's jobs report could spur more aggressive interest rate hikes from the Federal Reserve.</p><p>The S&P 500's bank index finished down 6.6% after hitting its lowest level since mid-October. Investors fled the sector after tech-industry lender <a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group</a> launched a share sale to shore up its balance sheet due to declining deposits from startups struggling for funding.</p><p>The Nasadaq ended down more than 2% while the benchmark S&P 500 and the Dow lost close to 2%.</p><p>Investors were also stressing out before Friday's U.S. non-farm payrolls report for February with expectations for large wage increases fueling inflation worries. Fed Chair Jerome Powell this week exacerbated concerns about upcoming interest rate hikes aimed at fighting stubbornly high inflation.</p><p>Traders were betting that chances of a 50-basis-point rate hike at the Fed's March meeting were around 60%, according to CME Group's FedWatch tool, up sharply from a probability of 31% before Powell's Tuesday and Wednesday appearances in Congress.</p><p>"There's a lot of anticipation around tomorrow's jobs report. We're going to get a slew of data in the next week and a half," said Mona Mahajan, Senior Investment Strategist, Edward Jones, New York, also citing inflation and retail sales reports all due out before the next Fed meeting which ends March 22.</p><p>Earlier on Thursday, Labor Department data showed initial claims for state unemployment benefits rose 21,000 to a seasonally adjusted 211,000 for the week ended March 4, compared with economist forecasts for 195,000 claims.</p><p>While last week's increased jobless claims may be "the first sign the labor market may be showing signs of loosening," Mahajan wants to see "more data points to establish a trend."</p><p>The February non-farm payrolls report is expected to show a payrolls increase of 205,000 after January's blowout 517,000 figure, which had already led markets to brace for a bigger U.S. rate hike.</p><p>Any proof last month's "gigantic payrolls number wasn't an anomaly" would serve to "reinforce the market's anxieties around the Fed's response to it," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.</p><p>And with February wage increases expected to rise 4.7% compared with January's 4.4%, "it feels like its ticking in the wrong direction even if we just meet expectations," said Mahajan who will be closely watching the wage data.</p><p>The Dow Jones Industrial Average fell 543.54 points, or 1.66%, to 32,254.86, the S&P 500 lost 73.69 points, or 1.85%, to 3,918.32 and the Nasdaq Composite dropped 237.65 points, or 2.05%, to 11,338.36.</p><p>The biggest drag on the S&P 500 came from the financial sector followed by information technology.</p><p>The financials index ended the day down 4%, its deepest one-day percentage loss since June 2020. The S&P bank sub-sector turned negative for the year-to-date on Thursday, last down 4.7% so far for 2023. Thursday was its first full day trading below its 200-day moving average since Jan. 5.</p><p>All the S&P's 11 major industry sectors ended the session lower. Utilities, down 0.8% was the smallest decliner. Consumer staples was the next smallest, down 0.95%, with healthcare down 1%.</p><p>With investors already concerned that the Fed could over-tighten and cause a recession and hurt bank lending demand, "there's an element of 'sell-first ask questions later' with regard to contagion risk," from SVB Financial for banks said Luschini at Janney Montgomery Scott.</p><p>SVB closed down 60% at $106.04 after falling at one point by around 63% and hitting its lowest level since August 2016 after the lender slashed its 2023 outlook and launched a share sale to shore up its balance sheet.</p><p>Also weighing on the sub-index was <a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a>, which tumbled 12% to $90.76 after its crypto-bank peer <a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a> Corp disclosed plans to voluntarily liquidate. Silvergate closed down 42% to $2.84.</p><p>On the bright side, General Electric Co closed up more than 5% after the industrial conglomerate reiterated its 2023 earnings forecast.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 5.12-to-1 ratio; on Nasdaq, a 3.83-to-1 ratio favored decliners.</p><p>The S&P 500 posted 5 new 52-week highs and 22 new lows; the Nasdaq Composite recorded 58 new highs and 289 new lows.</p><p>On U.S exchanges 11.69 billion shares changed hands compared with the 10.95 billion average for the last 20 sessions.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","COMP":"Compass, Inc.","GE":"GE航空航天","BK4211":"区域性银行","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU1861217088.USD":"贝莱德金融科技A2","BK4559":"巴菲特持仓","SH":"标普500反向ETF","BK4550":"红杉资本持仓","BK4588":"碎股","IVV":"标普500指数ETF","UPRO":"三倍做多标普500ETF",".SPX":"S&P 500 Index","SSO":"两倍做多标普500ETF","BK4581":"高盛持仓","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","OEX":"标普100",".IXIC":"NASDAQ Composite","BK4504":"桥水持仓","SPXU":"三倍做空标普500ETF",".DJI":"道琼斯","OEF":"标普100指数ETF-iShares","SPY":"标普500ETF","SDS":"两倍做空标普500ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318486822","content_text":"* Investors eye await Friday's jobs report* Bank stocks tumble after SVB announces share sale* General Electric rises after reiterating forecast* Indexes down: Dow 1.85%, S&P 1.66%, Nasdaq 2.05%March 9 (Reuters) - Wall Street's three major stock indexes closed lower on Thursday, with bank stocks creating the biggest drag while investors also worried that Friday's jobs report could spur more aggressive interest rate hikes from the Federal Reserve.The S&P 500's bank index finished down 6.6% after hitting its lowest level since mid-October. Investors fled the sector after tech-industry lender SVB Financial Group launched a share sale to shore up its balance sheet due to declining deposits from startups struggling for funding.The Nasadaq ended down more than 2% while the benchmark S&P 500 and the Dow lost close to 2%.Investors were also stressing out before Friday's U.S. non-farm payrolls report for February with expectations for large wage increases fueling inflation worries. Fed Chair Jerome Powell this week exacerbated concerns about upcoming interest rate hikes aimed at fighting stubbornly high inflation.Traders were betting that chances of a 50-basis-point rate hike at the Fed's March meeting were around 60%, according to CME Group's FedWatch tool, up sharply from a probability of 31% before Powell's Tuesday and Wednesday appearances in Congress.\"There's a lot of anticipation around tomorrow's jobs report. We're going to get a slew of data in the next week and a half,\" said Mona Mahajan, Senior Investment Strategist, Edward Jones, New York, also citing inflation and retail sales reports all due out before the next Fed meeting which ends March 22.Earlier on Thursday, Labor Department data showed initial claims for state unemployment benefits rose 21,000 to a seasonally adjusted 211,000 for the week ended March 4, compared with economist forecasts for 195,000 claims.While last week's increased jobless claims may be \"the first sign the labor market may be showing signs of loosening,\" Mahajan wants to see \"more data points to establish a trend.\"The February non-farm payrolls report is expected to show a payrolls increase of 205,000 after January's blowout 517,000 figure, which had already led markets to brace for a bigger U.S. rate hike.Any proof last month's \"gigantic payrolls number wasn't an anomaly\" would serve to \"reinforce the market's anxieties around the Fed's response to it,\" said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.And with February wage increases expected to rise 4.7% compared with January's 4.4%, \"it feels like its ticking in the wrong direction even if we just meet expectations,\" said Mahajan who will be closely watching the wage data.The Dow Jones Industrial Average fell 543.54 points, or 1.66%, to 32,254.86, the S&P 500 lost 73.69 points, or 1.85%, to 3,918.32 and the Nasdaq Composite dropped 237.65 points, or 2.05%, to 11,338.36.The biggest drag on the S&P 500 came from the financial sector followed by information technology.The financials index ended the day down 4%, its deepest one-day percentage loss since June 2020. The S&P bank sub-sector turned negative for the year-to-date on Thursday, last down 4.7% so far for 2023. Thursday was its first full day trading below its 200-day moving average since Jan. 5.All the S&P's 11 major industry sectors ended the session lower. Utilities, down 0.8% was the smallest decliner. Consumer staples was the next smallest, down 0.95%, with healthcare down 1%.With investors already concerned that the Fed could over-tighten and cause a recession and hurt bank lending demand, \"there's an element of 'sell-first ask questions later' with regard to contagion risk,\" from SVB Financial for banks said Luschini at Janney Montgomery Scott.SVB closed down 60% at $106.04 after falling at one point by around 63% and hitting its lowest level since August 2016 after the lender slashed its 2023 outlook and launched a share sale to shore up its balance sheet.Also weighing on the sub-index was Signature Bank, which tumbled 12% to $90.76 after its crypto-bank peer Silvergate Capital Corp disclosed plans to voluntarily liquidate. Silvergate closed down 42% to $2.84.On the bright side, General Electric Co closed up more than 5% after the industrial conglomerate reiterated its 2023 earnings forecast.Declining issues outnumbered advancing ones on the NYSE by a 5.12-to-1 ratio; on Nasdaq, a 3.83-to-1 ratio favored decliners.The S&P 500 posted 5 new 52-week highs and 22 new lows; the Nasdaq Composite recorded 58 new highs and 289 new lows.On U.S exchanges 11.69 billion shares changed hands compared with the 10.95 billion average for the last 20 sessions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
