How US stock indices have gained despite banking crisis.

on Mar 21, 2023 11:06:AM

US stock markets rebounded overnight after yesterday’s UBS-CSFB takeover removed a European banking pressure point as markets paused for breath ahead of Thursday’s FOMC meeting. Despite the destruction of wealth across the US banking sector, estimated to be worth around US$453 billion in market capitalization over the past seven trading sessions, the S&P500 is broadly […]