U.S. equity markets finished mixed on Monday as investors considered the next move by the U.S. Federal Reserve Board amid the collapse of Silicon Valley Bank (“SVB”). By the close, the Dow lost 91, the S&P 500 dropped by 6, and the Nasdaq gained 50 points. In Canada, the TSX dropped by 186 points due to the Energy sector.
On Tuesday, US and Canadian equity markets ended higher as investors were hopeful that issues in the U.S. banking sector may be finished, while U.S. inflation eased again in February. By the day’s close, the Dow rose 336 points, the S&P 500 gained 64, and the Nasdaq climbed 239. In Canada, the TSX advanced 105 points.
North American markets dropped on Wednesday due to Credit Suisse’s capital denial from its largest shareholder but pared losses when Swiss authorities started working on stabilizing the bank. The Dow lost 281 points by the close, while the S&P 500 dropped 27 and Nasdaq rose 6 points, respectively. In Canada, the TSX saw a 315-point fall led by the weakness in the Energy sector.
On Thursday, North American equity markets moved higher as investor sentiment settled after the Swiss National Bank extended a loan to Credit Suisse Group AG and the U.S. big banks discussed boosting First Republic Bank. By the end of trading, the Dow climbed 372 points, while the S&P 500 and Nasdaq gained 68 and 283 points, respectively. In Canada, the TSX rose by 160 points.
source https://rosenbergdri.ca/the-banking-sector-dictates-investor-sentiment/
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