Dow futures up 35 pts; regional banks hit hard despite rescue plan
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StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
JPMorgan (JPM) battle tested and aided by its 'fortress balance sheet' - Wells Fargo
March 13, 2023 9:17 AM EDTWells Fargo upgraded JPMorgan (NYSE: JPM) to Overweight from Equal-Weight, raising its price target on the stock to $155 from $148 per share in a note Monday, stating that "Goliath is Winning."
"JPM is battle-tested through downturns, aided by its 'fortress balance... More
Silicon Valley to feel SVB impact for years to come, claims Wedbush
March 13, 2023 7:59 AM EDTAs markets continue to react to the significant effect of the SVB Financial Group (NASDAQ: SIVB) situation on Monday morning, Wedbush analyst Daniel Ives believes the ripple impacts will be felt in Silicon Valley for years to come.
Last week, SVB announced it had sold some securities at a loss and said it would sell $2.25 billion in new shares to shore up its balance sheet. This triggered a panic, and California regulators closed down the tech lender, putting it under the control of the US Federal Deposit Insurance... More
BofA Discontinues Coverage on First Republic Bank (FRC)
March 13, 2023 7:59 AM EDTBofA Discontinues Coverage on First Republic Bank (NYSE: FRC)
... More