US stocks posted their worst day in two weeks After the decline in banking stocks gained momentum amid fears that problems in the sector may portend broader risks.
in contrast , the United States Treasury bonds United Rose.
The S&P 500 fell to its lowest level since January 19th. Financial companies in the index fell by more than 4 percent. The KBW Banking Index, which includes regional banks, fell 7.7 percent.
Shares in SVB Financial Group fell 60 percent after the Silicon Valley-based lender took steps to boost its capital position following losses in its portfolio.
Shares of Bank of America Corp. and Wells Fargo & Co. fell. and JPMorgan Chase & Co by at least 5 percent.
These are the main movements in the US markets
- The S&P 500 was down 1.8 percent at 4:01 pm New York time.
- The Nasdaq 100 index fell 1.8 percent.
- The Dow Jones Industrial Average fell 1.7 percent.
- The MSCI World Index fell by 1.2 percent.
Currency exchange rate
- The Bloomberg Spot Dollar Index has not changed.
- The euro rose 0.3 percent to $1.0580.
- The pound rose 0.6 percent to $1.1919.
- The Japanese yen rose 0.9 percent to 136.14 per dollar.
Digital currencies
- Bitcoin fell 8.2 percent to $20,208.79.
- Ether fell 8.2% to $1,425.02.
bonds
- The 10-year Treasury yield fell seven basis points by 3.92 percent.
- The yield on the 10-year German Bund was little changed at 2.64%.
- The yield on British bonds for 10 years rose three basis points to 3.80 percent.
raw materials
- West Texas Intermediate crude fell 1.4 percent to $75.56 a barrel.
- Gold futures rose 0.9 percent to 1,834.90 ounces.
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