Mar 11, 2023 15:25 | | Read in 3 minutes
Benzinga took a look at the outlook for many investors’ favorite stocks last week. Let’s take a look at some of the top stories.
Markets plunged this week, triggered by the Fed Chairman’s hawkish comments. Jerome Powell, followed by the collapse of Silicon Valley Bank on Friday. The S&P 500 is down his 4.55%, the Nasdaq Composite is down his 4.71% and the Dow Jones Industrial Average is down his 4.44%.
on thursday SVB Financial Group (NASDAQ:SIVB) announced plans to raise $2 billion in capital to offset a $1.8 billion loss on bond sales, and its shares fell 60% on the day. SVB shares plunged again before prices stalled on Friday, with the company’s Silicon Valley Bank Closed by regulators.
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Earlier in the week, Powell Congress said the latest set of U.S. economic data was “stronger than expected” and would likely force the Fed to raise interest rates “higher than previously expected.”
Benzinga provides daily reports on the most popular stocks for investors. Some of this week’s most bullish and bearish posts are worth another look.
“Congressman May Ban TikTok And Other Chinese Tech, Snapchat Stock Responds,” By Aaron Bly Sees How Social Media Firms Like It Snap Co., Ltd. (NYSE:SNAP) could benefit if US lawmakers ban TikTok.
In “Amazon NFT Marketplace Reportedly Launching April 24th: What You Need to Know About the Latest Rumors,” Chris Katje details the ongoing speculation. Amazon.com, Inc. (NASDAQ:AMZN) May Be Preparing for Launch NFT Marketplace.
“Meta Quest Pro Now Available For $999: Is Mark Zuckerberg Planning An Apple MR Headset?” by Ananya Gairola, Report Metaplatform, Inc. (NASDAQ:META) Significant Price Drop quest pro VR headsets to bring more consumers into the world of virtual reality.
See below for other bull markets from the past week.
Billionaire Chamath Palihapitiya predicts new legislation to invest billions in clean energy to create the world’s first trillionaire.
Tesla analysts say ‘weaponized’ capacity is already priced in: Will Elon Musk play chess while other automakers catch up?
Apple, Amazon, AMD and 10 more tech stocks recommended by Morgan Stanley
“Michael Burry deletes cryptic tweet: ‘I may have found Enron today’ Michael Barryamid concerns about the greater impact of the warning issued by SVB Financial Group, Holding company of Silicon Valley Bank.
In Bitcoin Bull Mark Yusko Asks Why Dogecoin Exists: ‘My Mind Hurts’, Mehab Qureshi explains why Bitcoin (CRYPTO: BTC) Bull Mark Yusko continue to criticize dogecoin (CRYPTO: DOGE) has repeated his stance that tokens have no value, calling it “speculative nonsense.”
“Tesla shares fall as Model Y falls under the U.S. regulatory radar over steering wheel issues,” Shanti Rexarin said of the potential impact of an investigation launched by the National Highway Traffic Safety Administration over steering wheel issues. I am considering. of Tesla (NASDAQ:TSLA) Two complaints about the Model Y SUV.
Check out our next post for a more bearish take.
The world’s largest asset manager says the Fed can cut interest rates to 6% and keep it there for the long term
Elizabeth Warren says she warned of ‘dangerous’ activities at Silvergate: ‘Failure is disappointing but predictable’
Paul Krugman Says Economy Probably Still Hot: ‘What’s Wrong…’
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