Dow Jones Today

The number of declining stocks are outpacing advancers 2,083 to 803 on the New York Stock Exchange (NYSE) and 2,563 to 1,358 on the Nasdaq Exchange. And volume ...

And volume in declining stocks is making up 70.8% of total volume on the Big Board and 57.4% of total volume on the Nasdaq. The number of declining stocks are outpacing advancers 2,083 to 803 on the New York Stock Exchange (NYSE) and 2,563 to 1,358 on the Nasdaq Exchange. The gains seen in the Big 3 stock market indexes aren’t telling the real story, as market breadth data suggests the stock market is actually suffering a broad selloff.

The major benchmarks swung higher Monday as investors sought out safety in government bonds.

By Karee Venema • Published Here are five steps you can take today to help reshape your money beliefs. With over a decade of experience writing about the stock market, Karee Venema is an investing editor and options expert at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. [next CPI report](https://www.kiplinger.com/investing/when-is-the-next-cpi-report) will be released ahead of tomorrow's open, while PPI and retail sales are due out Wednesday morning. The probability for a 50 basis point hike, meanwhile, has plunged to zero from 40.2% on Friday. "Regardless of this week’s economic data, however, it's likely that the Fed has landed between a rock and a hard place as it must balance financial stability with its efforts to curtail inflation." The major indexes, meanwhile, managed to stabilize after a rough start. (A basis point = 0.01%.) Prices for gold futures (+2.6% to $1,916.50 an ounce) and First Republic Bank ( banking regulators from the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve and the Treasury Department quickly came together over the weekend to develop a plan to limit risk to the banking sector following the failure of Silicon Valley Bank and Signature Bank. Officials, who cited systemic risk as the catalyst for the closures, took emergency measures to prevent contagion, but bank stocks were still among Wall Street's biggest decliners today.

Investing.com – The Dow closed lower Monday, as investors weighed up a sharp drop in Treasury yields amid bets of a less aggressive Federal Reserve and ongoing ...

[Saved Items](/members-admin/saved-items) The odds of the Fed pausing hikes at its meeting next week jumped to 47%, according to Investing.com's “Fed funds futures are reducing pricing for the size of a potential hike at that meeting to be closer to 25bps,” Scotia Economics said in a note.

Dow Jones futures: The banking crisis escalated ahead of the CPI inflation report. Schwab stock plunged on growing liquidity fears.

[Recent IBD Stock Of The Day](https://www.investors.com/research/ibd-stock-of-the-day/newr-stock-new-relic-boosts-data-analysis/), New Relic, is working on a flat base with a 80.98 buy point in the aftermath of the Feb. [the SVB collapse](https://www.investors.com/news/silicon-valley-bank-liquidity-crisis-sends-shockwaves-through-financial-industry/). [IBD Leaderboard](https://leaderboard.investors.com/#/leaders/leadersnearabuypoint) watchlist stock Palo Alto Networks continues to trade quietly in a handle after the stock's 12.5% surge on Feb. [SCHW](https://research.investors.com/quote.aspx?symbol=SCHW)) [plunged on fears](https://www.investors.com/etfs-and-funds/sectors/stock-market-schwab-implodes-money-safe/) that the largest U.S. [3 Top Growth Stocks To Buy And Watch In The Current Stock Market Correction](https://www.investors.com/stock-lists/stocks-near-a-buy-zone/dow-jones-leader-nike-facebook-are-top-stocks-to-watch-in-new-stock-market-correction/) [cybersecurity giant announced good results](https://www.investors.com/news/technology/panw-stock-palo-alto-earnings-q42022/) for the January-ended quarter that saw earnings hit $1.05 a share, up 81% vs. And after Friday's sell-off we've cut our outlook further, to 'market in correction.' This requires investors to avoid any stock purchases and pivot to defensive trading, such as taking profits and [cutting losses short](https://www.investors.com/how-to-invest/investors-corner/still-the-no-1-rule-for-stock-investors-always-cut-your-losses-short/)." And Nike [was featured](https://www.investors.com/stock-lists/stocks-near-a-buy-zone/dow-jones-leader-nike-facebook-are-top-stocks-to-watch-in-new-stock-market-correction/) in this week's Stocks Near A Buy Zone column. [TSLA](https://research.investors.com/quote.aspx?symbol=TSLA)) traded up 0.6% Monday. [FRC](https://research.investors.com/quote.aspx?symbol=FRC)) crashed nearly 62%. [IBD's latest newsletter, MarketDiem, gives you actionable ideas for stocks, options and crypto right in your inbox.](https://get.investors.com/marketdiem/) KeyCorp ( [KEY](https://research.investors.com/quote.aspx?symbol=KEY)) dived 27.3%.

Dow Jones Industrial Average futures rose by 117 points, or 0.37%. S&P 500 and Nasdaq 100 futures climbed 0.32% and 0.22%, respectively. Bank stocks rebounded ...

[SPDR S&P Regional Banking ETF](/quotes/KRE/) rose 1.1% in extended trading. Dow Jones Industrial Average futures rose by 78 points, or 0.24%. Economists polled by Dow Jones are expecting a rise of 0.4% last month. "None of them have the risk of contagion — I mean, this is overblown, but I don't think from an operational standpoint, it has that risk." That's down from a 0.5% increase the prior month. Shares of [First Republic Bank](/quotes/FRC/) [popped 14% in extended trading](#107207927-DIXkQF1-F), after closing down nearly 62% on Monday. Investors are hotly anticipating the latest inflation data. The Dow lost 90.50 points, or 0.28%, while the broad-market index lost 0.15%. stock futures rose on Monday night after the Dow Jones Industrial Average notched a fifth day of losses. [SPDR S&P Regional Banking ETF](/quotes/KRE/) (KRE) rose more than 2% in extended trading. Dow Jones Industrial Average futures rose by 79 points, or 0.25%. Traders also looked ahead to a key inflation report due Tuesday.

"Financial markets face a no-win situation, trapped between fears of regional bank runs and central banks worried about sticky inflation," said one analyst.

banking system is safe after regulators scrambled over the weekend to create a plan [to backstop deposits at Silicon Valley Bank and Signature Bank](https://www.cnbc.com/2023/03/12/regulators-unveil-plan-to-stem-damage-from-svb-collapse.html). "It might be a good idea for the Fed to pause," Hyman of Evercore ISI said in a note Sunday, citing the SVB failure along with slowing inflation data. [Brii Biosciences](https://www.cnbc.com/quotes/2137-HK) said less than 9% of total cash and bank balances were at SVB. [Harmony Gold](https://www.cnbc.com/quotes/) helped push the fund up with a 10.8% gain in the premarket, putting it on track for its best day since Nov. Pfizer [offered $229 in cash](https://www.reuters.com/markets/deals/pfizer-buy-seagen-deal-valued-43-billion-2023-03-13/)per share of Seagen, a 32.7% upside to Friday's closing price. Also, the management of the banks will be replaced and bank investors will not be protected, he said. [Dow](/quotes/.DJI/) was down 0.4% shortly after the market opened. Defensive stocks like [Procter & Gamble](/quotes/PG/), [Coca-Cola](/quotes/KO/) and [PepsiCo](/quotes/PEP/) also gained about 2% each. [Charles Schwab](/quotes/SCHW/) lost 8% and at [one point dropped as much as 23.3%.](https://www.cnbc.com/2023/03/13/charles-schwab-shares-head-for-worst-day-ever-as-fears-of-banking-crisis-deepen.html) Regional banks [fell even more](https://www.cnbc.com/2023/03/13/first-republic-drops-bank-stocks-decline.html), led by a 70% drop in [First Republic](/quotes/FRC/). The Silicon Valley Bank "debacle highlights failure and further crisis to come," Blain noted. [Bank bank stocks remained under pressure](#107207368-RgdsJMG6y) as investors remained skittish on the sector amid the fallout around Silicon Valley Bank and Signature Bank.

Global market update: The US stock was bouncing between gains and losses on Monday, as the yield on the two-year Treasury note plunged in its biggest ...