Benzinga examined the prospects for the favorite stocks of many investors over the past week – here’s a look at some of our top stories.
Markets tumbled this week, prompted by hawkish comments from the Fed Chair Jerome Powellfollowed by the Collapse of the Silicon Valley Bank on Friday. The S&P 500 ended the week down 4.55%, the Nasdaq Composite fell 4.71% and the Dow Industrials was down 4.44% for the week.
On Thursday, SVB Finance Group SIVB announced plans to raise $2 billion of capital to offset $1.8 billion in losses from bond sales, sending the stock down 60% on the day. SVB shares plunged again on Friday before the stock and the company’s were halted Silicon Valley Bank was switch off by regulators.
Earlier this week, Powell told Congress that the latest US economic data “came in stronger than expected” and the Fed will likely be forced to raise interest rates “higher”. than previously expected.”
Benzinga provides daily reports on the stocks most popular with investors. Here are some of the most bullish and bearish posts from the past week that are worth another look.
The cops
“Lawmakers could ban TikTok and other Chinese tech, and Snapchat’s stock is responding‘, by Aaron Bry, examines how companies like social media snap inc SNAP could benefit if US lawmakers ban TikTok.
In “Amazon NFT Marketplace Reportedly Launching April 24: What You Should Know About the Latest Rumors“, describes Chris Katje the ongoing speculation about it Amazon.com Inc AMZN may be preparing for launch an NFT marketplace.
“Meta Quest Pro Now Available For $999: Is Mark Zuckerberg Planning An Apple MR Headset?‘ by Ananya Gairola, continues reporting Meta Platform Inc META big price cut on his Search Pro VR headset to involve more consumers in the virtual reality universe.
For more bullish calls from the past week, see:
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