Tag Archives: turmoil

New York Community Bancorp (NYCB) played the role of rescuer during a 2023 regional banking crisis by purchasing some assets of the failed Signature Bank. Now it is experiencing some trouble of its own. The stock of the Hicksville, N.Y.-based lender fell 46% Wednesday after it reported a surprise net loss of $252 million for the fourth quarter and announced a suspension of its dividend. It recovered some of those losses by 11:30 a.m. ET, when it was down 34%, but it is still on track to post… Source link

[unable to retrieve full-text content]Stock market news today: Futures plummet amid Credit Suisse turmoil, retail data  Yahoo Finance Source link

This post was originally published on TKer.co Stocks ended another volatile week lower with the S&P 500 declining 1.6%. The index set a closing low of 3,577.03 on Wednesday and an intraday low of 3,491.58 on Thursday. From its January 3 closing high of 4,796.56, the S&P is now down 25.2%. It is incredibly difficult to predict where the stock market is headed in the short run. And just because recent performance has been poor doesn’t necessarily mean we’re due for a quick, outsized rally…. Source link

Retail investors that played a significant role in the stock market’s overall performance during the first two years of the pandemic are now witnessing the pitfalls of market volatility, former TD Ameritrade Chairman and CEO and Coastal Carolina University Executive Director of Football Joe Moglia told Yahoo Finance Live in a recent segment. “I think the typical retail investor that is not disciplined, is not thinking strategically. I think they’re in a turmoil,” he said. “They’re… Source link

(Bloomberg) — Stocks in Europe rebounded and U.S. equity futures rose along with Treasury yields as a semblance of calm returned to global markets while investors reconsidered their worst-case scenarios for the omicron coronavirus strain. Most Read from Bloomberg The Stoxx Europe 600 index jumped more than 1%, recovering some of their worst drop in more than a year, with travel and energy stocks leading the advance. S&P 500 and Nasdaq 100 contracts climbed, WTI oil rallied back above $71 a… Source link

TipRanks Wells Fargo: 3 Stocks to Snap up Now Wall Street hit some rough waters last week. With the Presidential elections only two days away, spiking COVID-19 numbers and hopes for a pre-election stimulus package dwindling, stocks posted their worst week since the height of the pandemic in March. All three of the major U.S. stock indexes also reported a second consecutive monthly decline. According to the pros on Wall Street, uncertainty is ruling the markets. That said, some strategists… Source link