First Republic stress is way softer than SVBâs! | MarketTalk: Whatâs up today? | Swissquote
Wednesday was a good trading session for Big Tech, but a bad session for the rest.
Microsoft jumped more than 7% and Facebookâs Meta jumped 12% in the afterhours trading after the company announced better-than-expected sales.
Nasdaq 100 eked out a 0.64% advance, but the S&P500 slid 0.38% as the continued selloff in First Republic Bank (FRC) and the mounting stress regarding what will happen to FRC and how the other banks will be impacted led to a risk-off selloff in all sectors except the technology.
The probability given to a 25bp hike for next weekâs FOMC meeting is being...