The markets have offered investors a rollercoaster ride this week, with a flurry of activity and developments that have sent shockwaves through various sectors.
The shocking downfall of SVB Financial Group (NASDAQ: SIVB) has stolen the spotlight in the banking sector this week, but the banking industry's woes may be much more serious than
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.
The collapse of Sam Bankman-Fried's FTX cryptocurrency exchange appears to have further legs to play out as the crypto-friendly Silvergate Bank, which is owned by Silvergate
Crypto traders suffered a staggering $308 million in liquidations over the past 24 hours as markets took a hit following news that crypto-friendly bank Silvergate Capital Corp (NYSE: SI)
Michael Barr, the Federal Reserve's Vice Chairman for Supervision, said the central bank is taking action to protect the cryptocurrency sector, with the formation of a "specialized team of experts.”
U.S. stocks traded higher this morning, with the Dow Jones gaining around 150 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.46% to 32,948.78 while the NASDAQ rose 0.27% to 11,607.61. The S&P 500 also rose, gaining, 0.36% to 4,006.30.