After a shakeout, the market rally may be ready for a bullish move. The FDIC reportedly is set to take over First Republic. FRC stock kept crashing late. Read More...
Reuters
Wall Street Week Ahead: Recession worries simmer beneath US stock market rally
Economically sensitive areas of the U.S. stock market are flashing warnings over growth, even as major equity indexes edge higher. The S&P 500 is up 8.6% for the year after gaining 1.5% in April, thanks to roaring year-to-date rallies in shares of Microsoft, Amazon and Google-parent Alphabet and other growth and technology stocks that command heavy weightings in broader indexes. Investors cited growing caution among market participants faced with a thicket of concerns, from fears of a possible U.S. default this summer to worries that the Federal Reserve’s aggressive monetary tightening could bring on a recession.
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