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trojan1337
2023-03-29

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Wall Street Ends down with Tech; Investors Assess Bank Comments

Consumer confidence rose unexpectedly in MarchAlibaba shares jump 14%Indexes: Dow down 0.1%, S&P 500

Wall Street Ends down with Tech; Investors Assess Bank Comments

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OngCK
·2023-03-29
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You&#39;re seeing a little bit of profit-taking,&#34; said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. &#34;Some of the enthusiasm is waning a little bit.&#34;</p><p>The S&amp;P 500 technology index was down 0.5% on Tuesday, extending this week&#39;s declines, but remains up sharply for the quarter.</p><p>The KBW regional banking index was down 0.2% on the day. Shares of First Citizens BancShares Inc    were up slightly, a day after the stock rose more than 50% after it said it would acquire the deposits and loans of Silicon Valley Bank.</p><p>Bank stocks have sold off sharply in the wake of problems at Silicon Valley and other banks.</p><p>The Dow Jones Industrial Average fell 37.83 points, or 0.12%, to 32,394.25, the S&amp;P 500 lost 6.26 points, or 0.16%, to 3,971.27 and the Nasdaq Composite dropped 52.76 points, or 0.45%, to 11,716.08.</p><p>&#34;The prospect of stricter regulations for banks with deposits above $100 billion is raising the anxiety level for those that are perceived currently to be struggling,&#34; James said.</p><p>Treasury yields edged higher, also weighing on tech-focused shares. Yields have climbed from six-months lows hit Friday.</p><p>Early in the day, a survey showed U.S. consumer confidence unexpectedly increased in March, but also that Americans are becoming a bit anxious about the labor market.</p><p>With the quarter end approaching, investors are looking forward to upcoming bank results, which may give them more details about the health of the sector following the collapse of Silicon Valley and <a href=\"https://laohu8.com/S/SBNYL\">Signature Bank</a>.</p><p>Alibaba Group Holding jumped 14.3% after the company said it plans to split its business into six main units covering e-commerce, media and the cloud.</p><p>After the closing bell, shares of Micron Technology Inc were up about 1%. It forecast third-quarter revenue in line with Wall Street expectations. Micron closed down 0.9% in the regular session.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.43-to-1 ratio; on Nasdaq, a 1.28-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 6 new 52-week highs and no new lows; the Nasdaq Composite recorded 40 new highs and 153 new lows.</p><p>Volume on U.S. exchanges was 9.66 billion shares, compared with the 12.75 billion average for the full session over the last 20 trading days.</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 Street Ends down with Tech; Investors Assess Bank Comments</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 Street Ends down with Tech; Investors Assess Bank Comments\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\">2023-03-29 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Consumer confidence rose unexpectedly in March</li><li>Alibaba shares jump 14%</li><li>Indexes: Dow down 0.1%, S&amp;P 500 down 0.2%, Nasdaq down 0.5%</li></ul><p><img src=\"https://static.tigerbbs.com/c700631f79b7b41cbb8924be7932dfaf\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>U.S. stocks ended slightly lower on Tuesday as investors weighed comments from a top U.S. regulator on struggling banks and sold shares of technology-related names after their recent strong run.</p><p>Michael Barr, the Federal Reserve&#39;s top banking regulator, told a Senate panel that Silicon Valley Bank did a &#34;terrible&#34; job of managing risk before its collapse.</p><p>Shares of Apple and Microsoft along with other technology-related shares ended down and were among the biggest drags on the S&amp;P 500.</p><p>&#34;It&#39;s a little bit of a follow-through from yesterday&#39;s pullback in tech stocks. You&#39;re seeing a little bit of profit-taking,&#34; said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. &#34;Some of the enthusiasm is waning a little bit.&#34;</p><p>The S&amp;P 500 technology index was down 0.5% on Tuesday, extending this week&#39;s declines, but remains up sharply for the quarter.</p><p>The KBW regional banking index was down 0.2% on the day. Shares of First Citizens BancShares Inc    were up slightly, a day after the stock rose more than 50% after it said it would acquire the deposits and loans of Silicon Valley Bank.</p><p>Bank stocks have sold off sharply in the wake of problems at Silicon Valley and other banks.</p><p>The Dow Jones Industrial Average fell 37.83 points, or 0.12%, to 32,394.25, the S&amp;P 500 lost 6.26 points, or 0.16%, to 3,971.27 and the Nasdaq Composite dropped 52.76 points, or 0.45%, to 11,716.08.</p><p>&#34;The prospect of stricter regulations for banks with deposits above $100 billion is raising the anxiety level for those that are perceived currently to be struggling,&#34; James said.</p><p>Treasury yields edged higher, also weighing on tech-focused shares. Yields have climbed from six-months lows hit Friday.</p><p>Early in the day, a survey showed U.S. consumer confidence unexpectedly increased in March, but also that Americans are becoming a bit anxious about the labor market.</p><p>With the quarter end approaching, investors are looking forward to upcoming bank results, which may give them more details about the health of the sector following the collapse of Silicon Valley and <a href=\"https://laohu8.com/S/SBNYL\">Signature Bank</a>.</p><p>Alibaba Group Holding jumped 14.3% after the company said it plans to split its business into six main units covering e-commerce, media and the cloud.</p><p>After the closing bell, shares of Micron Technology Inc were up about 1%. It forecast third-quarter revenue in line with Wall Street expectations. Micron closed down 0.9% in the regular session.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.43-to-1 ratio; on Nasdaq, a 1.28-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 6 new 52-week highs and no new lows; the Nasdaq Composite recorded 40 new highs and 153 new lows.</p><p>Volume on U.S. exchanges was 9.66 billion shares, compared with the 12.75 billion average for the full session over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4502":"阿里概念","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","SPXU":"三倍做空标普500ETF",".IXIC":"NASDAQ Composite","BK4505":"高瓴资本持仓",".SPX":"S&P 500 Index","OEX":"标普100","BK4581":"高盛持仓","BK4504":"桥水持仓","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC",".DJI":"道琼斯","BK4548":"巴美列捷福持仓","SPY":"标普500ETF","QNETCN":"纳斯达克中美互联网老虎指数","BK4565":"NFT概念","SDOW":"道指三倍做空ETF-ProShares","DDM":"道指两倍做多ETF","DJX":"1/100道琼斯","BK4554":"元宇宙及AR概念","SDS":"两倍做空标普500ETF","BK4531":"中概回港概念","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU1688375341.USD":"贝莱德中国灵活股票基金","LU0821914370.USD":"贝莱德亚洲成长领袖A2","DOG":"道指反向ETF","BABA":"阿里巴巴","BK4575":"芯片概念","BK4558":"双十一","BK4587":"ChatGPT概念","UDOW":"道指三倍做多ETF-ProShares","UPRO":"三倍做多标普500ETF","BK4535":"淡马锡持仓","BK4524":"宅经济概念","SH":"标普500反向ETF","BK4559":"巴菲特持仓","LU0651946864.USD":"贝莱德新兴市场股票收益A2","09988":"阿里巴巴-W","BK4527":"明星科技股","BK4538":"云计算","BK4588":"碎股","BK4579":"人工智能","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU1051768304.USD":"贝莱德新兴市场股票收益A6","BK4526":"热门中概股","BK4122":"互联网与直销零售","SSO":"两倍做多标普500ETF","BK4503":"景林资产持仓","LU1046422090.SGD":"Fidelity Pacific A-SGD"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2323297887","content_text":"Consumer confidence rose unexpectedly in MarchAlibaba shares jump 14%Indexes: Dow down 0.1%, S&P 500 down 0.2%, Nasdaq down 0.5%U.S. stocks ended slightly lower on Tuesday as investors weighed comments from a top U.S. regulator on struggling banks and sold shares of technology-related names after their recent strong run.Michael Barr, the Federal Reserve's top banking regulator, told a Senate panel that Silicon Valley Bank did a \"terrible\" job of managing risk before its collapse.Shares of Apple and Microsoft along with other technology-related shares ended down and were among the biggest drags on the S&P 500.\"It's a little bit of a follow-through from yesterday's pullback in tech stocks. You're seeing a little bit of profit-taking,\" said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. \"Some of the enthusiasm is waning a little bit.\"The S&P 500 technology index was down 0.5% on Tuesday, extending this week's declines, but remains up sharply for the quarter.The KBW regional banking index was down 0.2% on the day. Shares of First Citizens BancShares Inc    were up slightly, a day after the stock rose more than 50% after it said it would acquire the deposits and loans of Silicon Valley Bank.Bank stocks have sold off sharply in the wake of problems at Silicon Valley and other banks.The Dow Jones Industrial Average fell 37.83 points, or 0.12%, to 32,394.25, the S&P 500 lost 6.26 points, or 0.16%, to 3,971.27 and the Nasdaq Composite dropped 52.76 points, or 0.45%, to 11,716.08.\"The prospect of stricter regulations for banks with deposits above $100 billion is raising the anxiety level for those that are perceived currently to be struggling,\" James said.Treasury yields edged higher, also weighing on tech-focused shares. Yields have climbed from six-months lows hit Friday.Early in the day, a survey showed U.S. consumer confidence unexpectedly increased in March, but also that Americans are becoming a bit anxious about the labor market.With the quarter end approaching, investors are looking forward to upcoming bank results, which may give them more details about the health of the sector following the collapse of Silicon Valley and Signature Bank.Alibaba Group Holding jumped 14.3% after the company said it plans to split its business into six main units covering e-commerce, media and the cloud.After the closing bell, shares of Micron Technology Inc were up about 1%. It forecast third-quarter revenue in line with Wall Street expectations. Micron closed down 0.9% in the regular session.Advancing issues outnumbered declining ones on the NYSE by a 1.43-to-1 ratio; on Nasdaq, a 1.28-to-1 ratio favored decliners.The S&P 500 posted 6 new 52-week highs and no new lows; the Nasdaq Composite recorded 40 new highs and 153 new lows.Volume on U.S. exchanges was 9.66 billion shares, compared with the 12.75 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":464,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":106161697,"commentId":"106161697","gmtCreate":1680051748999,"gmtModify":1680051752147,"authorId":3575595150850001,"author":{"id":3575595150850001,"idStr":"3575595150850001","authorId":3575595150850001,"name":"OngCK","avatar":"https://static.tigerbbs.com/d48712c91608dbd0ea50712fabae2287","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9941115681,"objectIdStr":"9941115681","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}