Gradual decline in loan demand from the innovative economy, recession fear and disappointing management guidance & comments lead to bearish investor sentiments for SVB Financial (SIVB) stock.
With another six weeks to go before we say goodbye to 2022, the S&P 500 is rallying to pull itself out of bear market territory. While no one likes to see their portfolio in the red, market corrections make for unique opportunities to buy stocks at a discount and ride them to new heights in the bull market that will invariably follow.
SVB Financial Group (NASDAQ: SIVB) saw its stock price finish the day up 9.2% on Tuesday, after jumping as high as 11.2% in early afternoon trading. All three major indexes were up today, led by the Nasdaq Composite, which gained 1.5%. There was a bit of volatility on the markets today, as a strong Producer Price Index (PPI) report for October spurred an early surge.