After the market mayhem seen last week, some semblance of normalcy could return to Wall Street, thanks to the government’s move to assuage concerns in response to the banking crisis.
The S&P 500 settled lower on Friday, recording its biggest weekly percentage loss since September amid concerns of contagion in the country’s financial sector.
The CNN Money Fear and Greed index moved to the "Extreme Fear" zone following a sharp drop in the US stocks.
Stocks on the Wall Street tumbled on Friday amid concerns over the U.S. regional banking industry.
Gainers
Barnes & Noble Education, Inc. (NYSE: BNED) rose 25% to $2.15 in pre-market trading after the company posted better-than-expected quarterly sales.
Piper Sandler raised the price target for Riskified Ltd. (NYSE: RSKD) from $6 to $8. Piper Sandler analyst Brent Bracelin upgraded the stock from Neutral to Overweight. Riskified shares rose 2.4% to $5.51 in pre-market trading.