The Jordan Report
By Jordan Dakamseh
Banks Shares are Up.
21 March 2023
A rebound in banking stocks sent US stocks higher as concerns about the stability of the banking system eased somewhat, as investors turned their attention to the Federal Reserve's policy meeting to be held tomorrow.
Shares of First Republic Bank rose today, Tuesday, by more than 30 percent, after a big loss on Monday.
The share rose $3.9 to close at $15.77 per share. But the loss was $10.85 per share yesterday.
US Treasury Secretary Janet Yellen said the federal government may step in to protect depositors in additional banks if regulators see a risk of a run on the banking system. Yellen's comments came during a gathering of the American Bankers Association, at a time when she and federal officials are trying to boost confidence in the US banking sector after the collapse of Silicon Valley Bank and Signature Bank. Raise interest rates.
The federal government has used measures to reassure depositors, including creating a new Federal Reserve lending program to allow banks to meet withdrawal requests. The Federal Reserve (the central bank) meets tomorrow, Wednesday, when it is scheduled to issue an announcement regarding raising interest rates.
Back into Wall Street, the Dow Jones industrial average rose, Tuesday, by 316 points, to reach 32,560 points, while the S&P500 index rose by nearly 51 points, to reach 4,002 points. The Nasdaq index, which focuses on heavy technology, also rose 184 points to reach 11,860 points.
As for the price of Western Texas crude oil, it rose in the New York financial market, by about $1.86 to reach $69.50 per barrel.
US stock indices increased by 450 points
March 21, 2023
(JRME) US stock indices closed Monday with a significant improvement of 450 points in the three indices.
The Dow Jones Industrial Average rose 382 points to 32,244 points, while the S&P500 index rose by 34 points, to 3,951 points. The Nasdaq index, which focuses on heavy technology, also rose 45 points to reach 11,675 points.
As for the second index, the shares of Fleetcor rose ($11.88) per share, and Enphase energy ($8.87), while First Republic Bank lost $10.85 per share.
US stock indices Declined.
17 March 2023
The US stock indices in the New York Stock Exchange closed lower today, after a week of fluctuation between ups and downs and uncertainty.
On Friday, the Dow Jones Industrial Average fell 384 points, to close at 31,861 points.
The S&P500 index fell by 43 points, to reach 3,916 points.
As for the Nasdaq index, which focuses on heavy technology, it also decreased by 86 points, to reach 11,630 points.
However, Microsoft's share price (from the first index) rose by $3 to close at $279 per share, and Federal Express shares (from the second index) also rose by $16, bringing the share price to $220. The share price of Adobe software company (from the third index) also rose by approximately $5, to close at $358 per share.
All Stock Indices Gain Today
16 March 2023
All US stock indices gained today after a few days of fluctuating.
The Dow Jones Industrial Average gain 371 points, closed at 32246 points.
The S&P500 index as well gain 68 points and closed at 3,960 points.
The Nasdaq index, which focuses on heavy technology, also gained 283 points and settled at 11,717 points.
Microsoft stock rose by $10.76 per share, and now reached: $276.20. The Adobe Inc. rose $19.68 per share to reach now $353.29.
Dow Jones, S&P Closed Low, Nasdaq managed to Recover
15 March 2023
US stock indices managed to gain some of today's loses but yet they remain fluctuating.
t midday, the Dow Jones Industrial Average fell more than 660 points to 31,452 but by the closing time, the loses were only 280 points to reach 31874.
The S&P500 index as well fell, 70 points at noon Wednesday, but close the gap by 27 points lose to remain at 3,891 points.
The Nasdaq index, which focuses on heavy technology, also fell more than 140 points, but manage to come back with a win of 5 points, now it settled at 11,434 point.
Boeing Shares Rose After Saudi Deal
March 14 2023
The share price of the giant Boeing Company rose Tuesday after the announcement of Saudi Arabia's deal to buy planes for its airlines, which revives the American labor market. The company's price rose $4 to reach $207 per share after Saudi Arabia announced the purchase of up to 121 Boeing 787 Dreamliners equipped with the most advanced General Electric GEnex engines.
General Electric's share price rose last night by $2 to $91 per share.
In this context, US Secretary of State Anthony Blinken said: The deals are worth an estimated $37 billion, adding that the Saudi deal, along with Air India's historic announcement with Boeing last month, will provide more than a million American jobs in the aviation supply chain across 44 states. Blinken said in a statement: this a clear win for American workers and cementing America's global leadership in manufacturing.
New Bank on the Ruins of the Collapsed Silicon Valley Bank
14 March 2023
It was announced in New York Tuesday that the federal government decided to establish a bank called "Silicon Valley Bridge Bank" as a successor to the collapsed "Silicon Valley Bank". The Federal Deposit Insurance Corporation transferred all the deposits of the collapsed bank to the new bank and appointed the bank an CEO, American lawyer Timathy Mayopoulos. Mayopoulouis, 65, was previously President and Chief Executive Officer (CEO) of Fannie Mae, the Federal National Mortgage Association.
Crude Oil Prices Dropped
14 March 2023
Crude oil prices closed significantly lower Tuesday, recording their lowest level this year. The price of a barrel of "Western Texas" crude oil closed at $71 a barrel, which is the first time that the price of "Western Texas" has fallen this year, noting that it reached approximately $74 this year on February 22.
The price of Western Texas recorded $80 on March 6, but investors' fear of a new financial crisis that began with the collapse of two US banks, may be a reason for the decline in the price of US crude oil.
U.S. Stock Indices Start to Recover
14 March 2023
Today, Tuesday, US stock indices began to gradually recover after last week's losses caused by the collapse of two banks and the possibility of raising interest rates. Today, many bank stocks rose to recover part of their sharp declines, while treasury bond yields partially recovered amid signs of easing pressure on banks.
Dow Jones Industrial Average rose 336 points to reach 32155 points, and the S&P500 index rose 63 points to reach 3919 points. The Nasdaq index, which focuses on heavy technology, rose 239 points, to reach 11,428 points.
US Stock Indices Fell After a Temporary Improvement
13 March 2023
US stock indices closed on a new decline Monday, after an improvement at the beginning of the day that could not continue, but the Nasdaq index closed on a profit.
The banking crisis that resulted from the collapse of Silicon Valley Bank and then Signature Bank led to confusion about what the Federal Reserve would do regarding the path of raising interest rates and addressing inflation.
The Dow Jones Industrial Average fell 90 points to 31,819 points, while the S&P500 index settled at 3,855 points, after losing 5 points.
The Nasdaq index, which focuses on heavy technology, rose nearly 50 points, to 11,188 points.
US Stock Indices Fell, SVB Collapsed
10 March 2023
US stock indices recorded today an additional loss as of what happened yesterday, when lost more than 800 points. Also, the Silicon Valley Bank collapsed and was announced closed.
Dow Jones Industrial Average fell today 345 points to 31909 points, while the S&P500 index fell 56 points to 3861 points.
The Nasdaq index, which focuses on heavy technology, fell 199 points to 11,130 points.
Russell 2000 fell today 53 points to 1772 points.
In addition, Silicon Valley Bank collapsed quickly after it announced a large loss in the possession of bonds, which led to a decline in its shares and triggered withdrawals.
Because of the depletion of balances, the authorities decided to close it.
US Stock Indices Fell: Dow 543 pt, S&P 73 pt, Nasdaq 237 pt.
09 March 2023
US stock indices fell Thursday by more than 800 points, recording an additional loss, as a result of investors' fear of the repercussions of an expected increase in interest rates.
Dow Jones Industrial Average fell 543 points to reach 32,254 points, the lowest this year.
The S&P500 index also fell by 73 points to reach 3918 points, which is the lowest since January 09.
The Nasdaq index, which focuses on heavy technology, fell nearly 237 points to 11,338 points, the lowest since January 25.
Dow Jones Continues to Falter in NY Stock Exchange
08 March 2023
New York (JRME) - The Dow Jones index, one of the most important US stock indices, continued to falter today, Wednesday, after a new additional loss that amounted to more than 55 points today.
The financial market and its indicators are usually affected by the statements of officials of the US Reserve Bank about its intention to raise the interest rate.
Dow Jones Industrial Average fell by 68 points to reach 32,798 points, while the S&P500 index gained only 5 points to reach 3,992 points.
The Nasdaq index, which focuses on heavy technology, settled today at 11,576 points, with an increase of 55 points.
In addition, the price of "Western Texas" oil declined, reaching $76 per barrel, after its price reached $80 at the beginning of this week.
Dow Jones Rose 341 Point,Nasdaq 226, S&P 64
March 3 2023
US stock indices rose, for the second day in a row, as they increased today by more than 650 points.
The Dow Jones Industrial Average rose 387 points, to reach 33,390 points, and the S&P500 index also rose by 64 points, reaching 4,045 points. The Nasdaq index, which focuses on heavy technology, closed up 226 points to reach 11,689 points.
Dow Jones Report
March 3, 2023
US stock indices closed significantly higher today, after fluctuation and the declines that lasted for several days, as the price of crude oil rose slightly.
Today, the Dow Jones Industrial Average rose more than 341 points to reach 33003 points, and the S&P500 index also rose about 30 points and settled at 3981 points.
The Nasdaq index, which focuses on heavy technology, closed with an increase of 83 points to reach 11462 points.