Wall Street ends volatile week higher as Fed officials ease bank fears
8 Articles
8 Articles
Wall Street ends volatile week higher as Fed officials ease bank fears
U.S. stocks closed higher on Friday, marking the end of a tumultuous week as Federal Reserve officials calmed investor fears over a potential liquidity crisis in the banking sector.
Wall Street Falls as Bank Contagion Fears Flare Up
Wall Street’s main indexes fell on Friday as investors fled from risky assets on growing concerns that a contagion in the banking sector had not been fully averted despite assurances from key officials. Treasury Secretary Janet Yellen said late on Thursday afternoon that measures will be taken to keep Americans’ deposits safe, but that did little to ease investor nerves about a liquidity crisis in the banking sector that could limit lending and …
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