All articles tagged with #moodys investor service
Dow Jones futures fell Friday morning as Deutsche Bank shares sold off on rising default risks. Moody's Investor Service warned of wider bank contagion and economic fallout. Stocks rallied late as Treasury Secretary Janet Yellen pledged "additional actions" for bank deposits if needed. Despite the market rally attempt, investors should remain cautious as the banking sector remains a major negative.
The stock market rally rebounded strongly Thursday morning, but the major indexes slashed intraday gains, while the Russell 2000 hit a fresh 2023 low as Moody's Investor Service warned of wider bank contagion and economic fallout. Bank stocks were big losers Thursday. On the upside, homebuilders and semiconductor ETFs are looking strong. Investors should remain cautious as the rally attempt remains divided and volatile, with the banking sector a major negative.