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Dow Jones Industrial Average

Bank shares plunge 50 per cent

Wall Street stocks plummeted on Tuesday, as shares of First Republic Bank were battered after an earnings report that showed it lost a large amount of deposits — reviving worries over the financial sector.Investors have been eyeing the…

Bank shares in freefall after sudden collapse

US stocks slumped on Monday with key indices markedly lower amid worries over the banking system following the collapse of Silicon Valley Bank and shuttering of Signature Bank.Shares of First Republic Bank plunged more than 65 per cent as…

Bank’s dire warning for 2023 pain

One of the world’s biggest banks has heralded disaster for 2023 as governments battle to stem the rapidly rising inflation tide. Deutsche Bank highlighted a number of concerns putting the global economy under pressure, including “very tight…

Tech stocks lead Aussie shares boom

The Australian sharemarket rose by 1.7 per cent within the first 45 minutes of trade on Wednesday after a lower than expected interest rate hike and a rally on Wall Street.The Reserve Bank of Australia surprised the market by easing the…

ASX goes ballistic on best day in two years

The S&P/ASX 200 index is having its best day since June 2020, rising 3.5 per cent to 6675 by 3pm AEDT.A whopping 97 per cent of listed stocks have risen into Tuesday.Iron ore futures fell 1.1 per cent to $US94.22 per tonne, while gold…