Traders wait for Q2 Holdings, Inc. to begin trading during their IPO on the floor of the New York Stock Exchange March 20, 2014. (REUTERS/Brendan McDermid)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The prevailing trend in U.S. stocks could be higher this week if investor anxiety eases over the crisis in Ukraine and signs of weakness in the U.S. economy.Stocks bounced back last week after losing more than 2 percent the previous week as the problems in Ukraine and worries about a slowdown in China curbed investors' appetite for riskier assets.The S&P 500 ended the past week up 1.4 percent, its best weekly gain since February. Negative profit outlooks for the first quarter have been increasing as well, with more firms sounding the alarm about possible problems related to this winter's harsh weather.The ratio of negative outlooks to positive ones remains below that of the fourth quarter, which was the worst since the first quarter of 1996, according to Thomson Reuters data.Another supportive element for banks came from the Fed after Thursday's close, when the central bank said 29 out of 30 major banks met the minimum capital hurdle in its annual health check.
FOLLOW THIS ARTICLE