By Steve Goldstein, MarketWatch
After a 361-point drop for the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.92% on Thursday, stock futures /zigman2/quotes/209948968/delayed ES00 -0.37% /zigman2/quotes/210407078/delayed YM00 -0.25% inched into positive territory.
The yield on the 10-year Treasury /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y -1.33% continued to fall after reaching the lowest level since April 24. Gold futures /zigman2/quotes/210034565/delayed GC00 -0.33% rose.
The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -1.72% closed 2% lower on Friday, though the index still rose 9% this week.
The way banks are supposed to work, is that depositors put their savings into the institutions and then the money is lent out elsewhere. This chart shows that while bank deposits have climbed by $2.2 trillion since the end of February, loans have only rose by a half-trillion dollars. No surprise, then, that bank stocks are trading in line with interest rates. “If and when Fed/ECB/BoJ can ever raise interest rates global banks will become the instant leadership,” says Bank of America strategist Michael Hartnett.
Democratic presidential candidate Julián Castro and Rep. Alexandria Ocasio-Cortez were among those on Twitter championing a boycott of Goya Foods , after its chief executive praised President Donald Trump.
A birthday party resulted in $26,000 of fines after a run to KFC broke lockdown rules.
Scientists have discovered a galaxy wall stretching 1.4 billion light-years . That is big.
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