David Royer

“Sell in May and go away” is an old adage in the stock market, and it might be especially applicable this year. Markets have risen significantly of late, with the S&P 500 up about 16% from a low point in early October. The gains are driven by expectations the Federal Reserve will soon pause its interest rate increases as the rate of inflation has declined, providing less incentive for the central bank to rein in economic demand. Now, the market is running into a wall. The S&P 500, at just over…

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Critical information for the U.S. trading day

Three major U.S. regional banks saw deposits fall in the first quarter as the industry’s biggest crisis in more than a decade prompted a flight of funds, with customers seeking better returns elsewhere.

Leading economic index sinks 1.2% in March and posts biggest decline in three years.

Investors are counting on strong earnings in the banking sector to boost the stock-market rally, and their results typically set the stage for how the rest of the earnings season plays out, say market analysts