Wall Street ends down; Zions sparks worries about regional banks
Thu October 16, 2025 6:25 PM
It was another very jagged day but mostly on a downward trajectory as all three indexes went south in a substantial way. Whereas the first two days of Q3 reporting showed the banks and the subsequent economy doing well, that all changed on Day #3 with weak reports from regional banks triggering fears that the resilience may not be there after all, highlighting possible problems in the credit markets. Even AI took a dip today.
This was all despite the fact that Fed Governor Waller showed support for an October rate cut and that Q3 is considered healthy enough that analysts have upped the S&P earnings growth forecast from 8.8% two weeks ago to 9.2% today. The constraint of making predictions with no new government reports due to the shutdown remains a major concern. The continuing China rhetoric is also adding to the instability. Volume was considerably above the 20.5 billion average, coming in today at 22.4 billion.
DJ: 46,253.31 -17.15 NAS: 22,670.08
+148.38 S&P: 6,671.06
+26.75 10/15
DJ: 45,952.24 -301.07 NAS: 22,562.54
-107.54 S&P: 6,629.07
-41.99 10/16
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