US EditionWall Street Steadies After Its Slide as Banks Recover some of Their Losses
Bank stocks rebounded after stronger quarterly profits despite ongoing concerns about loan quality following First Brands Group’s bankruptcy, with some firms recovering up to 4.8%, analysts said.
- On October 17, 2025, U.S. markets steadied as the Dow Jones Industrial Average rose 91 points while the S&P 500 edged down 0.1% and the Nasdaq composite fell 0.3%.
- Heightened scrutiny followed First Brands Group's Chapter 11 filing, after stocks tumbled on worries about potentially bad loans hitting smaller and midsized banks.
- Specific bank moves underpinned the rebound as regional lenders reported stronger quarterly profits, with Zions Bancorp. charging off $50 million and Western Alliance Bancorp and Jefferies rising.
- Bank rebounds helped pare steep recent declines as the two banks at the center of Thursday's concerns rose Friday and the 10-year Treasury yield held at 3.99%.
- Trading has been shaky this week after President Donald Trump threatened higher tariffs on China, while Germany's DAX fell 1.8% and Hong Kong's Hang Seng sank 2.5%.
56 Articles
56 Articles
Banks Bounce Back as Indexes End the Week Up
Wall Street cruised to the finish of a winning week on Friday after banks recovered some of their sharp losses from the day before. The Dow rose 238.37 points, or 0.5%, to 46,190.61, to close the week up 1.6%. The S&P 500 rose 34.94...
Wall Street regains footing as banks recover from sell-off
The U.S. stock market seems to be steadying on Friday, as banks recover some of their sharp losses from the day before. The S&P 500 slipped 0.2% in midday trading. The Dow Jones Industrial Average was up 23 points, or 0.1%, as of 11:30 a.m. ET, and the Nasdaq composite was 0.5% lower. All three indexes drifted between gains and losses through the morning, but the moves weren’t as jarring as the big hour-to-hour swings they had earlier in the wee…
The Trentonian
Wall Street cruises toward the finish of its best week in 2 months as bank stocks steady
By STAN CHOE, AP Business Writer NEW YORK (AP) — The U.S. stock market is steadying on Friday, as banks recover some of their sharp losses from the day before, and Wall Street is cruising toward the finish of a winning week. The S&P 500 rose 0.6%. The Dow Jones Industrial Average was up 298 points, or 0.6%, as of 2:30 p.m. Eastern time, and the Nasdaq composite was 0.6% higher. This week is shaping up to be the best for the S&P 500 since the fir…
RockyMount Telegram
US stocks steady as banks recover some of their losses
The U.S. stock market is steadying, at least for now. The S&P 500 was near breakeven in early trading Friday. The Dow Jones Industrial Average rose 148 points, and the Nasdaq composite slipped 0.1%. Bank stocks rose after several reported…
Wall Street banks regain ground after global rout on credit worries
By Alun John, Ankur Banerjee, Manya Saini and Nupur Anand NEW YORK/LONDON/SINGAPORE (Reuters) -U.S. bank stocks rebounded on Friday, clawing back some losses after fears over bad loans triggered a global selloff that swept through European and Asian markets earlier in the day. The weakness hit Wall Street, with main equities indexes seeing a mixed open before inching higher in choppy trading, as investors stayed on edge about banks. The concerns…
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