{"id":2347,"date":"2023-03-15T15:02:49","date_gmt":"2023-03-15T20:02:49","guid":{"rendered":"https:\/\/embarrdowns.com\/market-sinks-as-credit-suisse-banks-in-europe-worry-investors\/"},"modified":"2023-03-15T15:02:50","modified_gmt":"2023-03-15T20:02:50","slug":"market-sinks-as-credit-suisse-banks-in-europe-worry-investors","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/market-sinks-as-credit-suisse-banks-in-europe-worry-investors\/","title":{"rendered":"Market Sinks as Credit Suisse, Banks in Europe Worry Investors"},"content":{"rendered":"

On Wednesday, U.S. stock futures dropped amid worries related to Credit Suisse and banks in Europe.[0]<\/a><\/sup> The Dow Jones Industrial Average (^DJI) fell 1.7% or more than 500 points, the S&P 500 (^GSPC) slumped 1.5%, and the Nasdaq Composite (^IXIC) slid 1.8%.[1]<\/a><\/sup><\/p>\n

The S&P 500 (^GSPC), Dow Jones Industrial Average (^DJI) and Nasdaq Composite (^IXIC) all had their worst weeks since at least November, as fears of a growing financial crisis deepened with the recent collapse of Silicon Valley Bank. INDU futures decreased by 1.7%, the SPX futures dropped by 1.8%, and NDX:IND futures declined by 1.6%.[2]<\/a><\/sup><\/p>\n

The yield on the 10-year Treasury note decreased by 12 basis points to 3.51%. Bond yields also declined, with the yield on the 10-year U.S. Treasury note moving down to 3.68% Friday. The U.S. 10-year Treasury yield (US10Y) decreased by 6 basis points to 3.58%, and the 2-year yield (US2Y) decreased by 5 basis points to 4.17%.<\/p>\n

Retail sales fell 0.4% over the last month and producer-price index, which measures what suppliers are charging businesses, dropped 0.1% in an unexpected decline.[3]<\/a><\/sup><\/p>\n

Meta Platforms (META) announced Tuesday it would cut another 10,000 jobs in the coming months.[4]<\/a><\/sup> Credit Suisse (CS) stock dived 25% in premarket trading as Saudi National Bank, its top shareholder, ruled out any further investments.[5]<\/a><\/sup><\/p>\n

Gold futures rose 1% to $1,929.90 an ounce, while EUR\/USD dipped by 1.26% to 1.0599.[6]<\/a><\/sup><\/p>\n

The Federal Reserve will announce its March decision next week, with investors debating whether a 0.25% or 0.50% rate hike is likely.[7]<\/a><\/sup><\/p>\n

Investors should be aware of the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if they have any questions.[8]<\/a><\/sup><\/p>\n

0. <\/span>“Dow, S&P, Nasdaq futures lower after Tuesday’s rebound, yields dip” Seeking Alpha, 15 Mar. 2023, https:\/\/seekingalpha.com\/news\/3947530-dow-sp-nasdaq-futures-yields-banking<\/a><\/a><\/p>\n

1. <\/span>“Market Update: Stocks Slightly Lower Despite Banks – Ticker Tape” The Ticker Tape, 13 Mar. 2023, https:\/\/tickertape.tdameritrade.com\/market-news\/market-update-stocks-slightly-lower-despite-banks-19416<\/a><\/a><\/p>\n

2. <\/span>“Dow Jones futures fall 600 points following international bank shares’ sharp decline” Washington Examiner, 15 Mar. 2023, https:\/\/www.washingtonexaminer.com\/policy\/economy\/dow-jones-futures-fall-international-bank-shares-decline<\/a><\/a><\/p>\n

3. <\/span>“Stock market news today: Stocks plummet, yields fall amid Credit Suisse turmoil” Yahoo News, 15 Mar. 2023, https:\/\/news.yahoo.com\/stock-market-news-today-live-updates-march-15-2023-114153589.html<\/a><\/a><\/p>\n

4. <\/span>“Dow Jones Futures Fall 500 Points As Credit Suisse Triggers European Bank Sell-Off | Investor’s Business Daily” Investor’s Business Daily, 15 Mar. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-fall-as-credit-suisse-triggers-european-bank-sell-off\/<\/a><\/a><\/p>\n

5. <\/span>“Big Four US banks drop in pre-market wiping out gains as Credit Suisse shares plunge” Daily Mail, 15 Mar. 2023, https:\/\/www.dailymail.co.uk\/news\/article-11862725\/Credit-Suisses-biggest-backer-says-cash-share-fifth.html<\/a><\/a><\/p>\n

6. <\/span>“Wall Street Frets Over Bank \u2018Dominoes\u2019 in Wild Day: Markets Wrap” Yahoo News, 15 Mar. 2023, https:\/\/news.yahoo.com\/asian-shares-set-climb-banking-221157909.html<\/a><\/a><\/p>\n

7. <\/span>“Stock market news today: Stocks smoked after jobs beat and SVB collapses” Yahoo News, 10 Mar. 2023, https:\/\/news.yahoo.com\/stock-market-news-today-live-updates-march-10-2023-123845899.html<\/a><\/a><\/p>\n

8. <\/span>“S&P 500 Dives as Banking Stress Triggers Market Tremors, Dollar Up on Haven Demand” DailyFX, 15 Mar. 2023, https:\/\/www.dailyfx.com\/news\/spx-sp-500-dives-as-banking-stress-triggers-market-tremors-forex-dollar-up-on-haven-demands-20230315.html<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

On Wednesday, U.S. stock futures dropped amid worries related to Credit Suisse and banks in Europe.[0]<\/a><\/sup> The Dow Jones Industrial Average (^DJI) fell 1.7% or more than 500 points, the S&P 500 (^GSPC) slumped 1.5%, and the Nasdaq Composite (^IXIC) slid 1.8%.[1]<\/a><\/sup><\/p>\n

The S&P 500 (^GSPC), Dow Jones Industrial Average (^DJI) and Nasdaq Composite (^IXIC) all had their worst weeks since at least November, as fears of a growing financial crisis deepened with the recent collapse of Silicon Valley Bank. INDU futures decreased by 1.7%, the SPX futures dropped by 1.8%, and NDX:IND futures declined by 1.6%.[2]<\/a><\/sup><\/p>\n

The yield on the 10-year Treasury note decreased by 12 basis points to 3.51%. Bond yields also declined, with the yield on the 10-year U.S. Treasury note moving down to 3.68% Friday. The U.S. 10-year Treasury yield (US10Y) decreased by 6 basis points to 3.58%, and the 2-year yield (US2Y) decreased by 5 basis points to 4.17%.<\/p>\n

Retail sales fell 0.4% over the last month and producer-price index, which measures what suppliers are charging businesses, dropped 0.1% in an unexpected decline.[3]<\/a><\/sup><\/p>\n

Meta Platforms (META) announced Tuesday it would cut another 10,000 jobs in the coming months.[4]<\/a><\/sup> Credit Suisse (CS) stock dived 25% in premarket trading as Saudi National Bank, its top shareholder, ruled out any further investments.[5]<\/a><\/sup><\/p>\n

Gold futures rose 1% to $1,929.90 an ounce, while EUR\/USD dipped by 1.26% to 1.0599.[6]<\/a><\/sup><\/p>\n

The Federal Reserve will announce its March decision next week, with investors debating whether a 0.25% or 0.50% rate hike is likely.[7]<\/a><\/sup><\/p>\n

Investors should be aware of the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if they have any questions.[8]<\/a><\/sup><\/p>\n

0. <\/span>“Dow, S&P, Nasdaq futures lower after Tuesday’s rebound, yields dip” Seeking Alpha, 15 Mar. 2023, https:\/\/seekingalpha.com\/news\/3947530-dow-sp-nasdaq-futures-yields-banking<\/a><\/a><\/p>\n

1. <\/span>“Market Update: Stocks Slightly Lower Despite Banks – Ticker Tape” The Ticker Tape, 13 Mar. 2023, https:\/\/tickertape.tdameritrade.com\/market-news\/market-update-stocks-slightly-lower-despite-banks-19416<\/a><\/a><\/p>\n

2. <\/span>“Dow Jones futures fall 600 points following international bank shares’ sharp decline” Washington Examiner, 15 Mar. 2023, https:\/\/www.washingtonexaminer.com\/policy\/economy\/dow-jones-futures-fall-international-bank-shares-decline<\/a><\/a><\/p>\n

3. <\/span>“Stock market news today: Stocks plummet, yields fall amid Credit Suisse turmoil” Yahoo News, 15 Mar. 2023, https:\/\/news.yahoo.com\/stock-market-news-today-live-updates-march-15-2023-114153589.html<\/a><\/a><\/p>\n

4. <\/span>“Dow Jones Futures Fall 500 Points As Credit Suisse Triggers European Bank Sell-Off | Investor’s Business Daily” Investor’s Business Daily, 15 Mar. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-fall-as-credit-suisse-triggers-european-bank-sell-off\/<\/a><\/a><\/p>\n

5. <\/span>“Big Four US banks drop in pre-market wiping out gains as Credit Suisse shares plunge” Daily Mail, 15 Mar. 2023, https:\/\/www.dailymail.co.uk\/news\/article-11862725\/Credit-Suisses-biggest-backer-says-cash-share-fifth.html<\/a><\/a><\/p>\n

6. <\/span>“Wall Street Frets Over Bank \u2018Dominoes\u2019 in Wild Day: Markets Wrap” Yahoo News, 15 Mar. 2023, https:\/\/news.yahoo.com\/asian-shares-set-climb-banking-221157909.html<\/a><\/a><\/p>\n

7. <\/span>“Stock market news today: Stocks smoked after jobs beat and SVB collapses” Yahoo News, 10 Mar. 2023, https:\/\/news.yahoo.com\/stock-market-news-today-live-updates-march-10-2023-123845899.html<\/a><\/a><\/p>\n

8. <\/span>“S&P 500 Dives as Banking Stress Triggers Market Tremors, Dollar Up on Haven Demand” DailyFX, 15 Mar. 2023, https:\/\/www.dailyfx.com\/news\/spx-sp-500-dives-as-banking-stress-triggers-market-tremors-forex-dollar-up-on-haven-demands-20230315.html<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":2346,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/2347"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=2347"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/2347\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/2346"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=2347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=2347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=2347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}