- Nasdaq 100 rose 5.8% for its best week since November, thanks to tech stocks.
- S&P 500 gained 1.4% weekly despite banking stocks dragging the index down 1.1% on Friday.
- Financial sector was the worst performer, with First Republic Bank plunging over 70%.
- ECB Chief Christine Lagarde paves the way for bond-market gyrations to remain elevated.
- BlackRock Investment Institute expects central banks to continue raising rates to contain inflation.
Tech Logs Best Week in 2023 as Bank Stocks Tremble: Markets Wrap
Technology stocks were the beneficiary of a tumultuous week for global markets as concern mounted that the turmoil rocking the banking sector will tip the global economy into recession.
Carly Wanna
