empty
17.03.2023 01:39 PM
US premarket trade on March 17, 2023. Stock indices close week with gains

US stock futures are holding steady on Friday after yesterday's rally. US Treasury yields end this turbulent week with gains amid persistent worries that the financial turmoil that has gripped the bond and stock markets is not yet over.

This image is no longer relevant

S&P 500 futures contracts were down by just 0.1% after rising by 1.8% yesterday. A deposit lifeline for First Republic Bank from major US banks helped ease the tension. Yet, this couldn't prevent its shares from falling during premarket trading hours. Nasdaq 100 futures stayed unchanged as traders expect the Fed to ease its monetary tightening at the meeting next week.

Big US banks, such as JPMorgan Chase & Co. and Citigroup Inc., joined their effort to support First Republic Bank. Although this step can help improve the market sentiment, investors doubt this will be enough to stop the bank crisis. Banks looking for cash infusions have already borrowed $11.9 billion under the Bank Term Funding Program. Those who took a more traditional route, using the Fed's discount window under slightly less favorable terms, borrowed a total of $153 billion.

Although markets hope to avoid a full-blown financial crisis, investors cannot turn a blind eye to what is happening right now, especially when the possibility of a further rate hike by the Fed can push the US economy closer to a recession.

Europe's benchmark Stoxx Europe 600 dropped, while the Stoxx Europe 600 Banks index is on course to close the week with a 9% fall. Shares of the troubled Swiss lender Credit Suisse Group AG resumed their decline as the idea of a forced merger with larger rival UBS Group AG was rejected. Yesterday, the bank's shares rose by almost 20% after the Swiss Central Bank provided support in the form of opening another credit line. Bonds across Europe rose. At the same time, German 10-year bond yields were down by four basis points.

The 2-year Treasury yield remained volatile on Friday, fluctuating in the range of 20 basis points. At the moment, traders are trying to predict the pace of the rate hike. Interest-rate swaps show that there is more than an 80% chance of a quarter-point rate increase by the Fed next week, which promises some optimism.

This image is no longer relevant

As for the technical outlook for the S&P 500, we can see that the pressure on risk assets has eased. The index will rise only if bulls manage to break above $3,977, from where the price may head for $4,010. Gaining control over the area of $4,038 is another goal for bulls today as this will allow them to stop the bearish market. In case of a further decline amid the pessimistic sentiment and reduced expectations of US consumers as well as sluggish demand, the buyers will have to assert their strength at the level of $3,950. Its breakout will push the price toward $3,920 and will pave the way to $3,890.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Mercado bursátil el 4 de mayo: SP500 y NASDAQ mostraron un crecimiento diario bastante fuerte

Según los resultados de la última sesión regular, los índices bursátiles estadounidenses cerraron al alza. El S&P 500 subió un 0,58 %, mientras que el Nasdaq 100 ganó un 0,81

Jakub Novak 08:50 2025-06-04 UTC+2

¿Está cerca el colapso del mercado bursátil de EE. UU.?

El conteo de ondas en el gráfico de 24 horas para el instrumento #SPX se ve en general claro. La estructura global de cinco ondas ni siquiera cabe

Chin Zhao 07:42 2025-06-04 UTC+2

Mercado bursátil el 2 de mayo: se intensifica la presión sobre el S&P 500 y el Nasdaq

Al final de la última sesión regular, los índices bursátiles estadounidenses cerraron de forma mixta. El S&P 500 cayó un 0,01% y el Nasdaq 100 perdió un 0,32%

Jakub Novak 09:00 2025-06-02 UTC+2

Mercado bursátil el 30 de mayo: el SP500 y el NASDAQ volvieron a caer

Al final de la última sesión regular, los índices bursátiles estadounidenses cerraron con un ligero crecimiento. El S&P 500 subió un 0,40% y el Nasdaq 100 aumentó un 0,39%

Jakub Novak 12:58 2025-05-30 UTC+2

Mercado bursátil el 29 de mayo: los índices SP500 y NASDAQ frenan su crecimiento

Al cierre de la última sesión regular, los índices bursátiles estadounidenses registraron una ligera caída. El S&P 500 descendió un 0,56%, y el Nasdaq 100 bajó un 0,71%

Jakub Novak 11:00 2025-05-29 UTC+2

Mercado bursátil el 28 de mayo: los índices SP500 y NASDAQ continúan su rápido crecimiento

Al cierre de la última sesión regular, los índices bursátiles estadounidenses terminaron con un fuerte crecimiento. El S&P 500 subió un 2,00%, mientras que el Nasdaq 100 ganó un 2,47%

Jakub Novak 12:58 2025-05-28 UTC+2

Mercado bursátil el 26 de mayo: los índices S&P 500 y NASDAQ regresan al crecimiento

Al cierre de la última sesión regular, los índices bursátiles estadounidenses terminaron a la baja. El S&P 500 cayó un 0,67%, mientras que el Nasdaq 100 perdió un 1,00%

Jakub Novak 11:08 2025-05-26 UTC+2

Los inversores viven un drama llamado "déficit federal"

Wall Street tambalea, pero no cae. Los índices retrocedieron debido a las preocupaciones por los riesgos presupuestarios de EE. UU., aunque el premercado muestra una relativa estabilidad. La atención

Anna Zotova 14:04 2025-05-22 UTC+2

La Fed, Moody's y Trump – no son un problema para la renta variable

El análisis de ondas del gráfico de 24 horas para el instrumento #SPX resulta en general comprensible. La estructura global de cinco ondas ni siquiera cabe en la ventana

Chin Zhao 07:36 2025-05-20 UTC+2

Moody

Los rumores en torno a la calificación de EE. UU. es solo el telón de fondo. NVIDIA es el verdadero argumento. Veamos el panorama actual en el mercado bursátil estadounidense

Anna Zotova 12:41 2025-05-19 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.