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Regulators took control of Silicon Valley Bank on Friday, after shares tumbled Thursday and the bank struggled on Friday to find another company to buy it. Regional bank stocks tumbled in the wake of Silicon Valley Bank's demise, with the SPDR S&P Regional Banking ETF lost nearly 4.4%. For...
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Oil service, energy and utility stocks are huge outperformers so far in September, and the gains for oil services and energy in the third quarter are even more dramatic. Month to date, oil service stocks (as reflected in theVanEck Oil Services ETF [OIH]) are up 5.2%,S&P 500 Energyby ...
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Stocks are modestly higher, and bond yields are lower following a mixed Producer Price Index report which provided some encouraging read-through data for January’s PCE report later this month.
Stocks jumped at Monday's open and bond yields retreated as markets welcomed President-elect Donald Trump's nomination of Scott Bessent to be his Treasury secretary. The Dow Jones Industrial Average closed at a new all-time high and the S&P 500 hit a new intraday high early in the opening ...
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consistent selling level over the last half year or so has been the 11,000 mark. Since the Dow fell through 11K back in September, it has neared the mark several times -- even risen above it on an intraday basis -- but never managed to stay above it through the close. ...
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