Recent data reveals a substantial exodus of deposits from U.S. banks, increasing apprehensions about the robustness of the nation's financial institutions.
It has been another week of volatility in the stock market, characterized by mounting fears of a wider Middle East conflict and a more cautious fourth-quarter earnings outlook announced by U.S. corporations.
U.S. stocks were rebounding Friday following the release of personal consumption expenditures inflation data for September, and economists are leaning toward a Fed hold next week.
As Amazon, Inc. (NASDAQ:AMZN) hawked good tidings, the negative sentiment in the equity market appears to have reversed. The recovery could be in part due to traders looking for bargains following a two-day slump seen in the market.