Global Banking Concerns Spark Dow Jones Futures Fall.

1 min read
Source: Investor's Business Daily
Global Banking Concerns Spark Dow Jones Futures Fall.
Photo: Investor's Business Daily
TL;DR

Dow Jones futures fell Friday morning as Deutsche Bank shares sold off on rising default risks. Moody's Investor Service warned of wider bank contagion and economic fallout. Stocks rallied late as Treasury Secretary Janet Yellen pledged "additional actions" for bank deposits if needed. Despite the market rally attempt, investors should remain cautious as the banking sector remains a major negative.

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