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“FALL BACK WEEKEND”
By Staff Reporters
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The biggest U.S. hospital lobbying group just sued the Biden administration over new guidance barring hospitals and other medical providers from using trackers to monitor users on their websites. The American Hospital Association (AHA), along with the Texas Hospital Association and two nonprofit Texas health systems, filed a lawsuit against the U.S. Department of Health and Human Services (HHS) in federal court in Fort Worth, Texas. The lawsuit accuses the agency of overstepping its authority when it issued the guidance in December, 2022.
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Bank of America customers have been warned of delays to deposits following an unspecified issue that is affecting “multiple financial institutions”. The company reassured customers on Friday that their accounts remained “secure” and that no action was needed. A statement appearing on customer phone applications read: “Some deposits from 11/3 may be temporarily delayed due to an issue impacting multiple financial institutions.
Wells Fargo and Chase just reported similar situations.
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Here is where the major benchmarks ended:
- The S&P 500 Index was up 40.56 points (0.9%) at 4,358.34; the Dow Jones Industrial Average (DJI) was up 222.24 points (0.7%) at 34,061.32, up 5.1% for the week; the NASDAQ Composite (COMP) was up 184.09 points (1.4%) at 13,478.28, up 6.6% for the week.
- The 10-year Treasury note yield was down about 9 basis points at 4.577%.
- CBOE’s Volatility Index (VIX) was down 0.75 at 14.91.
Banks and other financial companies led Friday’s gainers, on hopes easing Treasury yields will relieve some pressure on lenders’ balance sheets. The KBW Regional Banking Index (KRX) surged 3.3% to end at a seven-week high, while Goldman Sachs Group (GS) shares jumped 4.4% to lead Dow gainers.
Retailer shares were also strong, as were small-caps in general, as the Russell 2000 Index (RUT) posted a gain of 7.6% for the week.
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Filed under: Alternative Investments, Experts Invited, Financial Planning, Funding Basics, Glossary Terms, Information Technology, Investing | Tagged: AHA, American Hospital Association, Bank America, banks, BoA, Chase, cookie script, DJIA, energy, gold, GS, HHS, HIPAA, inflation, KRX, markets, NASDAQ, oil, Russell 2000, Russell Index 2000, RUT, S&P 500, Texas Hospital Association, web trackers, Wells Fargo | Leave a comment »
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