Wall Street ends higher, marking 2nd winning week in a row

The S&P 500 rose 0.6 per cent after slipping for most of the morning. The benchmark index marked its second straight weekly gain. The Dow Jones Industrial Average rose 0.4 per cent, while the Nasdaq composite ended 0.3 per cent higher.

Credit Suisse faced a relatively unique set of longstanding troubles. But the second- and third-largest U.S. bank failures in history earlier this month have cast a harsher spotlight across the entire banking industry. Investors have zeroed in on smaller and midsized banks, the ones below in size of the "too-big-to-fail" banks and seen as greater risks.Treasury Secretary Janet Yellen has said that in cases where the government sees a risk to the overall system, it will guarantee deposits for bank customers, even those with more than the US$250,000 insured by the Federal Deposit Insurance Corp. That's what regulators did for both Silicon Valley Bank and Signature Bank.

Federal Reserve Chair Jerome Powell said worries about a pullback in lending helped push the Fed to raise rates by only a quarter of a percentage point this week, instead of a more aggressive half point, in its campaign to battle inflation.

Just trying to quiet the fears of the people.

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Stocks fall as worries rise about Deutsche Bank, other banksStocks are falling on Wall Street Friday as more worries about banks on both sides of the Atlantic tug markets lower. Deutsche Bank knows what's in Trumps tax returns, his ties to Putin who uses Trump International Hotels LLC accounts, to launder millions from the Soviet treasury, including embezzling 23 million in gold in Switzerland. All of it arranged by Alex Schnaider, BBirshtein. Put your money into crypto (not CBDC 'crypto' tho, and do some research, it will be a learning curve) and other assets. Force the government to play by the peoples economic rules, don't participate in fiat currency that the government controls.
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