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Home Foreign Exchange

Big divergence between tech and the rest of the stock market. Bank worries worsen

currencycoach by currencycoach
March 23, 2023
in Foreign Exchange
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Big divergence between tech and the rest of the stock market. Bank worries worsen
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The day started off with S&P 500 futures flat but that turned into a big rally shortly afterwards but it didn’t last as the pain re-started in US regional banks and the worries spread. Despite that, US tech stocks did well, gaining 1% as AI hopes and expectations for lower rates boost the sector.

  • S&P 500 up 12 points or 0.3% to 3948
  • Nasdaq +1.0%
  • Russell 2000 -0.3%
  • DJIA +0.2%
  • Toronto TSX Comp -0.4%



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Tags: bankbigdivergenceMarketrestStockTechWorriesworsen
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