Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Stocks news: Wall Street muted amid bank credit jitters

Stocks news: Wall Street muted amid bank credit jitters

Crypto.NewsCrypto.News2025/10/16 16:00
By:By Benson TotiEdited by Jayson Derrick

U.S. stocks traded mixed as jitters around bad loans at regional banks persisted despite President Donald Trump’s latest comments on trade tensions between the United States and China.

Summary
  • U.S. stocks opened mixed as investors weighed the latest tariff news from President Donald Trump.
  • Trump’s comments on Friday about tariffs on China not being “sustainable” soothed sentiment.
  • Dow Jones Industrial Average, the S&P 500 and Nasdaq had slipped as Wall Street reacted credit jitters and bad loans news from US regional banks

The Dow Jones Industrial Average added 50 points, but the S&P 500 slipped 0.2% despite upbeat sentiment helped by the latest comments on U.S.-China trade tensions that aided bulls. Wall Street’s reaction to growing concerns over bad loans at regional banks continued to see stocks waver, with the tech-heavy Nasdaq Composite hovering at -0.4%.

Already, U.S.-China trade tensions and the ongoing government shutdown have catalyzed a slowdown for equities, with the flipside being a flight to safe-haven assets.

This outlook strengthened on Thursday as two U.S. regional lenders revealed exposure to loans linked to fraud. Shares of the two banks fell by double digits during the Thursday session following the news. Western Alliance Bancorp dropped 11% and Zions Bancorp slid 13%.

Overall jitters about US credit quality had initially triggered a cascade of sell-off deals across risk assets, with Bitcoin ( BTC ) dipping below $105,000. 

A slowdown in stocks sees gold soar

Stocks showed recovery as White House injected a slight flicker of positive sentiment with its plans to ease tariffs on autos. Trump’s comments on U.S.-China trade tensions added to this uplift. However, the prevailing feeling is one where investors are craving clarity. 

This means the lingering uncertainty that has recently curtailed stocks’ rally remains.

Amid this outlook, there’s been a notable flight to safety. 

Gold has led the risk-off trajectory with a surge that saw prices pierce the $4,300 an ounce mark. Bullion could see a more than 7% in weekly gains and has teased an uptick closer to what the precious metal managed in 2008 following the collapse of Lehman Brothers.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

DOJ Shuts Down North Korea’s Cyber-Backed Weapons Financing Network

- U.S. DOJ disrupts North Korean cybercrime network infiltrating 136 U.S. firms via fake IT workers, generating $2.2 million in illicit revenue for Pyongyang's weapons programs. - Five individuals, including U.S. citizens and a Ukrainian national, pleaded guilty to enabling APT38's operations through stolen identities and proxy computers hosted in U.S. residences. - DOJ seized $15 million in USDT linked to 2023 crypto heists by APT38, which has stolen over $2 billion globally in 2025 alone, according to El

Bitget-RWA2025/11/16 14:14
DOJ Shuts Down North Korea’s Cyber-Backed Weapons Financing Network

Trump’s decision to pardon Lewis suggests a softer stance toward high-profile white-collar offenses

- Trump pardons British billionaire Joe Lewis, allowing him to return to the U.S. after a 2024 insider trading conviction. - Lewis, 88, avoided jail due to health but faces $5M in fines; his family expressed gratitude for reuniting with relatives in Florida. - The pardon aligns with Trump's pattern of leniency toward high-profile figures, sparking debates over corporate white-collar crime policies. - Lewis's family trust confirms no changes to Tottenham Hotspur's governance, maintaining Vivienne Lewis's op

Bitget-RWA2025/11/16 13:56
Trump’s decision to pardon Lewis suggests a softer stance toward high-profile white-collar offenses

Bitcoin News Update: Major Crypto Money Laundering Case Highlights Worldwide Battle Against Digital Financial Crimes

- Qian Zhimin, 47, was sentenced to 11 years for orchestrating a $5.6B crypto Ponzi scheme affecting 128,000 Chinese victims. - UK authorities seized 61,000 BTC ($6B) during the case, the largest cryptocurrency seizure in UK history. - Qian fled China in 2017, lived lavishly in the UK for seven years using forged documents before her 2021 arrest. - The case highlights cross-border crypto crime challenges, with global authorities recovering assets linked to Chinese cyberattacks. - Prosecutors face hurdles i

Bitget-RWA2025/11/16 12:44
Bitcoin News Update: Major Crypto Money Laundering Case Highlights Worldwide Battle Against Digital Financial Crimes

Shutdown-Related Data Shortfalls Lead Fed to Delay Reducing Rates

- U.S. government shutdown ended Nov 12, 2025, but left critical economic data gaps for Fed's December rate decision. - 1.4 million furloughed workers and $11B lost output highlight shutdown's severe economic impact despite mixed private-sector data. - Fed faces delayed/missing jobs reports and CPI data, increasing likelihood of rate cut pause as policymakers emphasize data caution. - Market expectations shifted from 95.5% to 53.6% chance of December cut, reflecting demand for evidence-based monetary polic

Bitget-RWA2025/11/16 12:44
Shutdown-Related Data Shortfalls Lead Fed to Delay Reducing Rates