Risk aversion escalated on Wall Street Friday, with all major indices trading in the red, as investors remain skeptical about the stability of the banking sector in the wake of recent turmoil in the U.S. and Europe.
Cues From Friday's Trading:
During Thursday's broadcast of Benzinga's "PreMarket Prep" show, Christian Fromhertz, CEO of Tribeca Trading Group, said "this is a day trader's market right now" given the exceptional volatility seen in the last week.
Despite a tough macroeconomic backdrop, analysts at BofA Securities expect FTC Solar Inc.'s (NASDAQ: FTCI) volumes and margins to rebound in the coming years as industry-wide solar panel supply improves and delayed projects are completed.
Recent economic indicators in the United States point to an increased risk of a recession, encouraging many traders to anticipate a more rapid Federal Reserve policy shift.