Stocks Snap Out of Rut as Wall Street Bounces Back

The consumer price index for February met analysts' expectations

Digital Content Manager
Mar 14, 2023 at 4:28 PM
facebook X logo linkedin

Stocks snapped out of the rut they had been in since SVB Financial Group's (SIVB) failure on Tuesday. Investors bet on the worst being over as they rotated back into regional bank stocks and weighed inflation data in line with expectations. 

The Dow added 336 points for its first win in six sessions, while the S&P 500 snapped a three-day losing streak and the Nasdaq tacked on triple digits as well. Elsewhere, the Cboe Volatility Index (VIX) marked its worst single-day percentage drop since Jan. 12.

Continue reading for more on today's market, including:

  • Dismal forecast weighed on GitLab stock.
  • Promising blue-chip stock for options bears.
  • Plus, Match stock upgraded; bank sector bounces back; and buy the dip on NUE.

Indexes March 142023

 nysenasdaq March 142023

5 Things to Know Today 

  1. Moody’s cut its view on the entire banking system to "negative" from "stable" due to a ”rapidly deteriorating operating environment" despite regulators' efforts. (CNBC)
  2. Meta Platforms (META) CEO Mark Zuckerberg announced a new round of layoffs expected to impact 10,000 workers amid "new economic reality". (MarketWatch
  3. Tinder parent could be a value stock.
  4. 3 regional bank stocks that staged a comeback today.
  5. Don't sweat Nucor stock's latest pullback.

Earnings March 142023

Unusual Options Activity March 142023

Gold Prices Move Lower as U.S. Dollar Rises

Oil prices fell again on Tuesday to their lowest spot year-to-date, as banking industry concerns and the impact a potential crisis could have on the economy lingered. April-dated crude dropped $3.47, or 4.6%, to close at $71.33 per barrel on the day.

Meanwhile, gold prices finished modestly lower as the greenback regained some of its strength and Treasury yields pivoted higher. Traders were also unpacking the latest inflation data. April-dated gold fell $5.60, or 0.3%, to close at $1,910.90 per ounce.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI