Spring Forward, Bitcoin FOMO: Saturday US Briefing | Financial Post

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(Bloomberg) — Hello and hope you enjoyed a lie-in before tonight’s time change costs you an hour of precious sleep. Benjamin Franklin is credited with inspiring the idea to adjust clocks so folks have more light in the evening (and can reduce their candle consumption).  

The S&P 500 Index fell 0.3% this week, its first weekly drop in three. Try not to lose sleep over that though. The benchmark is still 7.4% higher this year, and household wealth rose to a record in 2023, according to Federal Reserve data. Still, one year after Silicon Valley Bank failed, a sharp drop in another regional bank stock has dragged the group back into focus.