Market Updates & Trader Talk | Banking Insights, Financial News

The Dow Jones Industrial Average dropped 1.3% on Thursday, the S&P 500 slipped 0.9% and the Nasdaq gave up 1.0%, as renewed pressure on Treasuries spilled over into risk assets. The 10 year yield pushed back up to 4.70% and the 30 year moved to around 5.25%, reversing the previous session’s relief that had followed the Treasury’s announcement of larger purchases of longer...

All three major US benchmarks, the S&P 500, the Dow Jones Industrial Average and the Nasdaq Composite, edged up 0.2% on Wednesday, breaking a three session slide. The healthcare sector was the standout performer, driven by a sharp rally in Moderna and Merck after the two companies reported that their personalised mRNA cancer vaccine, used alongside Merck’s Keytruda, signi...

Global markets turned defensive on Tuesday as a fresh surge in long-term borrowing costs collided with firmer oil prices, sending technology stocks tumbling across the US, Asia and Europe. Investors are now looking to Wednesday’s Federal Reserve minutes for clarity on the path of interest rates, while the standoff between the US and Iran continues to cloud the outlook for ene...

SoFi Technologies has built its business around one of the clearest shifts in consumer finance today: the move away from traditional banks towards a single, integrated digital platform. Through one app, SoFi brings together banking, lending, investing, credit cards and personal-finance tools, giving members a reason to consolidate their financial lives with one provider rathe...

Wall Street closed out last week on a softer note after a batch of disappointing consumer data took some of the shine off a strong run for equities. The S&P 500 dipped 0.2%, the Nasdaq Composite slid 0.3% and the Dow Jones Industrial Average eased 0.2%, with healthcare names among the weakest performers while energy stocks bucked the trend.

The main trigger was ...