Stocks fell Friday as investors pulled back from positions in First Republic and other bank shares amid lingering concerns over the state of the U.S. banking sector.
, or nearly $54 billion, from the Swiss National Bank. The stock lost 24% over the course of the week.
Despite the down session, the S&P 500 advanced 1.43% this week. The Nasdaq Composite gained 4.41% as investors bet on technology and other growth names ahead of next week’s Federal Reserve policy meeting. It was the best week since Jan. 13 for the tech-heavy index. But Friday’s slide pulled the Dow into negative territory for the week, finishing 0.15% down.
Bank stocks have been closely followed by investors in recent days amid fears that others could face the same fate as
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Dow rallies as major banks race to rescue First Republic By Investing.com*DOW RALLIES 370 POINTS, NASDAQ SURGES 2.5% AS MAJOR BANKS RACE TO RESCUE FIRST REPUBLIC $DIA $SPY $QQQ 🇺🇸🇺🇸
Read more »
Dow futures fall 300 points, First Republic leads regional banks lower: Live updatesInvestors continued weighing the outlook for banks.
Read more »
Dow drops 400 points as Wall Street frets over banking crisisFirst Republic shares shares have taken a beating this week, slumping 66%, in a widespread bank selloff after the recent collapse of SVB Financial and Signature Bank.
Read more »
Dow closes nearly 400 points lower on Friday as First Republic and regional banks resume slide: Live updatesStocks fell Friday as investors pulled back from positions in First Republic and other bank shares amid lingering concerns over the state of the U.S. banking sector. The Dow fell 1.20%. The S&P 500 shed 1.10%. The Nasdaq lost 0.74%.
Read more »
LIVE: Watch stocks trade in real time as First Republic’s slide rattles Wall Street — 3/17/2023The Dow Jones Industrial Average fell Friday as investors remained skittish on First Republic and other banks amid the industry’s crisis.First Republic slid ...
Read more »
The Dow’s 4 financial stocks are cutting about 170 points off the Dow’s priceFinancial stocks continued to drag stock stock market down Friday, as the Dow Jones Industrial Average’s four financial components contributed about 40% of...
Read more »