The S&P 500 index slipped on Tuesday after a three-day rally fueled by support measures for the banking sector and a deal for Silicon Valley Bank assets.
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U.S. stocks ended mostly higher on Monday as fears of a liquidity crisis spilling over in the banking sector waned but investors remained concerned about the economy’s health. However, tech stocks took a hit, which saw the Nasdaq finishing in the red. The Dow and S&P
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U.S. stock index futures slipped on Tuesday as Treasury yields rose amid easing worries about a banking crisis following First Citizens BancShares' U.S. regulator-backed deal for failed Silicon Valley Bank.
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U.S. stock index futures were subdued on Tuesday as Treasury yields rose as fears about a banking crisis eased following First Citizens BancShares' U.S. regulator-backed deal to buy failed Silicon Valley Bank.
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In the latest trading session, Apple (AAPL) closed at $158.15, marking a -1.31% move from the previous day. This change lagged the S&P 500's 0.17% gain on the day. Meanwhile, the Dow gained 0.6%, and the Nasdaq, a tech-heavy index, added 0.67%.
The S&P 500 ended slightly higher on Monday as a deal for Silicon Valley Bank's assets helped to boost bank shares, while a decline in technology-related stocks limited the day's gains.
The Dow and S&P 500 ended higher on Monday as a deal for Silicon Valley Bank's assets helped investor confidence in banks, while a decline in technology shares weighed on the Nasdaq.
Technology stocks were lower in late Monday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) slipping 0.4% and the Philadelphia Semiconductor index down 0.7%.
The Dow and S&P 500 were higher in afternoon trading Monday as a deal for Silicon Valley Bank's assets helped investor confidence in banks, while the Nasdaq edged lower.
Technology stocks were lower in Monday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) slipping 0.6% and the Philadelphia Semiconductor index (SOX) down 0.8%.
At least 50 U.S. government staffers stationed in 10 countries were targeted with commercial hacking tools, commonly known as spyware, a senior administration official said, highlighting the growing threat by offensive cyber vendors and prompting the White House to introduce rules to hinder the spying.
Wall Street's main indexes cut gains on Monday as investors assessed risks to the banking sector following a buyout deal for Silicon Valley Bank's assets, while a rise in Treasury yields pressured rate-sensitive technology and other growth stocks.