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Market Rally Divided: First Republic Bank Dives After Hours; Fed Meeting On Tap
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures, amid a divided market rally. The Federal Reserve meeting looms but it's already shaping up to be a big week for First Republic, Credit Suisse and the banking industry. A stock market rally attempt is underway, but there is a clear divergence. The Nasdaq, led by Microsoft (MSFT), Meta Platforms (META), Nvidia (NVDA) and Advanced Micro Devices (AMD), surged above its 50-day and 200-day lines, even with Friday's pullback. Meanwhile the other indexes are being weighed down by bank and commodity stocks. The S&P 500 rose ... (full story)
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- Posted: Mar 18, 2023 10:00am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,875
