S&P, Dow edge higher as JPMorgan gains; Fed meet in focus
JPMorgan will pay the U.S. Federal Deposit Insurance Corp $10.6 billion to take control of most of the regional bank's assets.
Investors have been on edge about the banking system's health following the collapse of two other regional banks in March. "Hopefully this is sort of the last of the banking crisis, but something else might surface at some point," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York.
Market watchers also digested the latest economic news, which suggested to some that the Fed may need to stick to its tightening cycle for the near term. The Institute for Supply Management said on Monday its manufacturing PMI rose last month from March. The Fed, which has been raising rates to cool inflation, is expected to hike rates an additional 25 basis points on Wednesday.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
AUD/USD stays bearish near 0.6600 amid China, First Republic inflicted fears ahead of RBA, FedAUD/USD stays bearish near 0.6600 amid China, First Republic inflicted fears ahead of RBA, Fed – by anilpanchal7 AUDUSD RBA Fed RiskAversion NFP
Consulte Mais informação »
First Republic fate, Apple earnings, jobs data and Fed decision top week aheadFirst Republic's future, the Federal Reserve's decision on interest rates and Apple earnings are just a few of the big market moving events ahead for investors in the coming week.
Consulte Mais informação »
US Dollar Index: DXY marches towards 102.00 as First Republic woes join hawkish Fed betsUS Dollar Index: DXY marches towards 102.00 as First Republic woes join hawkish Fed bets – by anilpanchal7 DollarIndex RiskAversion Fed NFP Banks
Consulte Mais informação »
Investors bet on Fed raising interest rates after First Republic failureThe collapse of First Republic means that three of the four largest bank collapses occurred in 2023.
Consulte Mais informação »
S&P500 Futures, yields remain pressured as traders await First Republic updatesFinancial markets portray a cautious mood while waiting for the key First Republic bidding results early Monday. Adding strength to the sour sentiment
Consulte Mais informação »
How First Republic ended up as the second-largest bank takeover in history after Washington MutualA backstop in March of $30 billion in deposits bought enough time for the FDIC to sell the bank after its first-quarter results revealed more trouble.
Consulte Mais informação »