Market Rally Bounces Back After Volatile Week, Fueled by Earnings and Potential Banking Takeover
The stock market rally had a bumpy ride this past week, with concerns over a potential banking crisis fueled by the FDIC takeover of First Republic Bank causing some volatility. However, the indexes found support and rebounded, with solid gains on Friday. The upcoming earnings season remains heavy, with Advanced Micro Devices (AMD) and Apple (AAPL) reporting this week, while another Fed rate hike and major economic data are expected. Despite few opportunities to beef up positions, investors should keep their watchlists ready as many stocks move into position.