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Nasdaq expects best quarter since 2020, latest inflation data a boost

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Nasdaq expects best quarter since 2020, latest inflation data a boost

PCE Growth in February Slows The S&P 500 is expected to gain for the second consecutive quarter Indices up: Dow 0.8%, S&P 0.9%, Nasdaq 1.3% NEW YORK, March 31 (Reuters) – The Nasdaq was expected to post its biggest quarterly gain since June 2020, with U.S. stocks rallying on Friday as signs of slowing inflation … Read more

Exclusive: US regulator looking to sell Silicon Valley Bank and Signature Bank portfolios, sources say

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NEW YORK/WASHINGTON, March 31 (Reuters) – The Federal Deposit Insurance Corporation (FDIC) has hired advisers to sell portfolios of securities that the new owners of Silicon Valley Bank and Signature Bank rejected, according to sources familiar with the matter. The portfolios are made up of low-yielding assets, such as treasury bills and securities backed by … Read more