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U.S. stock markets closed sharply higher on Thursday as three major stock indexes ended in positive territory.
It's been a wild week for U.S. Markets to say the least, regional banks like First Republic Bank (FRC), PacWest Bancorp (PACW), and Western Alliance Bancorporation (WAL) are in the red once again today. Last week's collapse of SVB Financial Group (SIVB) and Signature Bank (SBNY) have left investors scrambling to identify other regional banks that have similar balance sheet issues. Yahoo Finance's Jared Blikre joined Julie Hyman and Brad Smith to breakdown three signs that show we are in for more financial stress, including checking in on the CBOE Volatility Index (^VIX) and the strengthening USD/JPY (JPY=X). Key Moments 00:00:25 :Three Signs of Financial Stress 00:01:25 Vix and Bond Market not in Pandemic Levels yet 00:02:00 U.S. Dollar vs Japanese Yen 00:02:30 Credit Market
Yahoo Finance’s Jared Blikre breaks down how stock futures are moving following February jobs report data.