Trading week of Mar 13 – Mar 17

Posted on: March 13th, 2023
By: Tadeo Martinez

Economic factors:

  • Fed Meeting: Mar 21 – 22
  • CPI: Mar 14
  • PPI: Mar 15
  • US Treasury: 3.492%
  • Yield Curve: downward slope
  • Inflation: 6.41%
  • Mortgage rates: 7.336%
  • Unemployment rate: 3.6%
  • Crude oil: $75.77
  • SPY: $387.82
  • VIX: 27.09

News

Dow jumps 200 points as investors bet SVB shock will get the Fed to back off hikes: Live updates

Roku tumbles in after-hours trading after saying that 26% of its cash and cash equivalents were held at Silicon Valley Bank and “does not know to what extent the Company will be able to recover its cash on deposit at SVB.”

Payrolls rose 311,000 in February, more than expected, showing solid growth

Private payrolls rose by 242,000 in February, better than expected, ADP says

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