![]() ![]() soared 81.7%, though it still lost 43.3% for the week. ![]() ![]() Several of the hardest hit recovered some of their steep losses Friday, adding to the ebullient mood. That’s even as banks protested that they were seeing deposit levels stabilize or strengthen. Investors have been hunting for the next possible weak link in the system and driving down stock prices for those seen at risk of a sudden exodus by customers. This week began with regulators seizing First Republic Bank, which became the third large U.S. banking system, and fears about what may be next to fall have rocked the industry. ![]() High interest rates have already caused cracks in the U.S. “Today's jobs report likely gave both the bulls and the bears something to anchor around,” he said. The data did little to narrow the extremely wide range of possibilities for the economy that investors are forecasting for the economy, from a painful recession to a soft landing, said Bill Northey, senior investment director at U.S. That in turn would keep the pressure up on an already slowing economy. While that’s good news, particularly when many economists fear a recession may arrive this year, the data also raises worries inflation may stay high and push the Federal Reserve to keep interest rates higher. government’s jobs report also showed workers won bigger pay raises in April than expected. Treasury yields jumped in the bond market after a report showed hiring accelerated across the economy by much more than expected last month. ![]()
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