Week’s focus on Powell testimony, US jobs, ECB decision | MarketTalk: What’s up today? | Swissquote

You wouldn’t know, by looking at the S&P500’s performance on Friday, that a US regional bank was having a rough time. Almost a year into last year’s regional bank crisis and about a month after a first post-earnings free-fall, the New York Community Bancorp — a commercial real estate lender in New York – fell more than 25% on Friday after saying that it discovered ‘material weaknesses’ in the way it tracks loan risks. But the KBW’s bank ETF closed the session near flat, the S&P500 rose to a fresh record, its 15th fresh record since the year began, Nasdaq 100 advanced to a fresh record as well, even the small cap index closed the week at an almost 2-year high. Stocks in Europe also closed the week on a high note, while the Japanese Nikkei hit a fresh record before giving back