Bank Fears and SVB Crisis Cause Turmoil in Bond and Stock Markets
TL;DR Summary
The stock market struggled midday Wednesday, with the S&P 500 tripping more than 1.5% and the Nasdaq composite paring its loss to 0.9%. Credit Suisse's stock plummeted, causing European stock markets to plunge. Oil prices fell below $66.50 per barrel, and the energy sector ETF showed weaker action. The February producer price index fell 0.1%, and U.S. retail sales fell 0.4% in February. Major U.S. banks, including JPMorgan Chase and Citigroup, fell.
- Stock Market Tumbles On Bank Fears As Credit Suisse Falls Below $2 | Investor's Business Daily Investor's Business Daily
- Treasury yields fall as investors flock to bonds with bank stocks once again under pressure CNBC
- 10-year Treasury yield heads for biggest one-day drop since November MarketWatch
- Treasuries Liquidity Dwindles as SVB Crisis Muddies Fed Outlook Yahoo Finance
- What's Behind the Crazy Moves in the Bond Market? The Wall Street Journal
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