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By Staff Reporters
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Mar 12, 2023 – Daylight Saving Time Started
When local standard time was about to reach
Sunday, March 12, 2023, 2:00:00 am clocks were turned forward 1 hour to
Sunday, March 12, 2023, 3:00:00 am local daylight time instead.
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Meanwhile, although markets are still pricing in additional Fed rate hikes at upcoming policy meetings, concerns about the financial sector have helped push down the expected “peak” rate.
The following is a round-up of Friday’s market activity:
- The S&P 500 Index ended 56.73 points (1.5%) lower at 3,861.59, the benchmark’s lowest close since Jan. 5; the Dow Jones industrial average fell 345.22 points (1.1%) to 31,909.64; the NASDAQ Composite fell 199.47 points (1.8%) to 11,138.89.
- The 10-year Treasury yield was down about 22 basis points at 3.704%.
- April WTI crude oil futures were up 84 cents at $76.56 per barrel.
- The U.S. Dollar Index was down 0.7% at 104.58.
- CBOE’s Volatility Index was up 2.19 points at 24.8.
The Federal Deposit Insurance Corp.’s decision to shutter Silicon Valley Bank came a day after the bank, once a top lender in the tech sector, failed in an attempt to raise new capital. The bank’s collapse weighed heavily on shares of regional banks, though large institutions held up better.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, LifeStyle | Tagged: CBOE, daylight saving time, DJIA, NASDAQ, S&P 500, Treasury Yield, US Dollar, WTI crude oil | Leave a comment »
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