|Day's range||163.09 - 193.00|
The tech sector's current boom feels like 2021, but there's a ton of differences between then and now.
Spring is in the air, and investors are looking forward to turning the page after a rocky March. While stocks have recovered from a surprise banking crisis after Silicon Valley Bank and Signature Bank both failed, their collapses highlighted yet another risk investors are facing in the potential for more bank runs and elevated duration risk. April will bring the start of a new earnings season and, with it, the latest evidence of how corporate America is faring in a slowing economy.
A U.S. judge on Thursday dismissed a lawsuit against Meta Platforms Inc that alleged its Facebook social media business drove a now-defunct photo software application startup out of business in violation of federal antitrust law. U.S. District Judge Kiyo Matsumoto in Brooklyn, New York, federal court said in her 67-page order that Phhhoto Inc had failed to timely bring its claims under relevant U.S. antitrust law that sets a four-year window and under New York state competition provisions that have a three-year statute of limitation. "Phhhoto has failed in its 69-page amended complaint of 222 paragraphs to allege sufficient facts that cure the untimeliness of all of its federal claims," Matsumoto wrote.