Our PureVest Weekly Roundup looked at the S&P 500 stocks that are getting classified into different sectors this week. Financials, consumer discretionary, and staples are in focus. One year after the Federal Reserve embarked on the most extreme rate hiking cycle in history, they face a tough decision next week. Will they Pause, Hike, or Signal cuts? The largest banks injected nearly $30 billion into First Republic Bank through uninsured deposits. Zillow’s home value index gauges overall real estate prices in the country; February’s report is out. Oil prices have retreated to the 60s, which marks new lows for the year. Enjoy the light reading, and have a great weekend.
If you have any questions on the banking news from the past week and how it may impact you feel free to contact us with questions.
Markets & Economy:
Big changes in the S&P 500 Friday highlight the power of index providers
source:www.cnbc.com
One year after the first rate hike, the Fed stands at policy crossroads
source:www.cnbc.com
Big banks save First Republic with $30B rescue plan
source:www.nypost.com
Zillow Home Value Index: February Update
source:www.advisor[erspectives.com
Oil prices crater as inventories build
source:www.yahoofinance.com
Long-awaited Fed digital payment system to launch in July
source:www.cnbc.com
Education:
What Is the Federal Deposit Insurance Corp. (FDIC)?
source:www.investopedia.com