Investors are seeking succor from the market chaos unleashed by the collapse of Silicon Valley Bank in shares of some of the most established technology...
Investors are seeking succor from this week’s U.S. stock market volatility in shares of some of the most established technology companies in the wake of the collapse of California’s Silicon Valley Bank where many startup businesses banked.
The collapse of SVB and two other U.S. banks has sent shockwaves across bond and equity markets while raising serious questions about the health of the banking system. Apple Inc. AAPL shares have risen 1.6% since markets opened on Monday, compared with a gain of 1.3% gain for the Nasdaq Composite. Microsoft Corp. MSFT shares have performed even better, gaining 5% so far this week, while Meta Platforms Inc. is up nearly 8% over the same period, having received a boost after announcing its latest round of layoffs.Some hard-hit semiconductor names are also showing signs of life, with shares of Intel Corp.
See: Credit Suisse fallout upsets Fed rate-hike expectations, with full percentage point of cuts seen by year-end See: Meme-stock era record falls: Retail traders dumped $1.5 billion a day into U.S. equities in January
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SVB collapse: The Treasury must make whole SVB investorsThe Treasury Department is right to ensure that investors at Silicon Valley Bank have access to their deposits.
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SVB Financial mulls strategic options, hires restructuring veteranDefunct startup-focused lender SVB Financial Group said on Monday that it was planning to explore strategic alternatives for its businesses including the holding company, SVB Capital and SVB Securities.
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SVB’s Collapse Is Causing Chaos in India’s Tech SectorThe bank was popular among Indian founders who needed US accounts. But many have struggled to get their money out.
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‘Chaos creates opportunities’: Strategist says to look beyond the SVB fallout — and names his top picksWorried about Silicon Valley Bank contagion? Strategist Kenny Polcari says there are some 'very good' stocks out there getting slammed for no reason.
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After the chaos: SVB crash leaves lingering worries in Mass.In the aftermath of Silicon Valley Bank's crash, local economists explain what the bank's collapse means for the Boston area's prolific startup scene. Plus, the results of Newton's property tax vote and Boston drops its COVID-19 vaccine mandate for firefighters and certain police officers.
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KBW gives a slew of safe-haven bank stocks to buy after SVB collapseThere are several names that investors should buy 'right here, right now' following the sell-off in bank stocks.
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