Plootus : Top 3 things this week

Stocks reverse losses in week's final trading session: Stock market news today

?Stocks on Friday were mixed as investors look to cap a topsy-turvy week with a rush of earnings from big tech giants like Microsoft (MSFT), Alphabet (GOOGL), Meta Platforms (META), and Amazon (AMZN) holding investor attention.

Through Thursday's close, the S&P 500 and Dow Jones Industrial Average were roughly flat for the week, while the Nasdaq's surge on Thursday put the tech index higher by about 0.5% for the week.

?Source: Yahoo Finance

?First Republic likely headed for receivership, CNBC reports

First Republic Bank (FRC) is likely headed into FDIC receivership, a move that would make it the fourth US bank to fail since the beginning of March. Reports all week have swirled over whether regulators would manage to find a rescue plan for the bank. Ahead of the weekend, it appears those efforts have failed.

Shares of First Republic, which fell more than 40% on Monday after a disappointing quarter, were down as much as 30% on Friday morning

?Source: CNBC?

?Sliding Diesel Prices Signal Warning for U.S. Economy

?A nationwide freight slowdown has helped cut U.S. diesel prices by half from last year’s record, raising concerns that parts of the world’s largest economy have begun to slow. Wholesale diesel recently fell to $2.65 a gallon in New York Harbor, down from $5.34 last May, after Russia’s invasion of Ukraine sent commodity markets haywire and turned prices advertised at gas stations into street-level reminders of inflation’s 40-year highs.

Source: WSJ