Global Stock Markets: Real-Time Updates

Mortgage rates dropped this week after several bank failures, but longer-term uncertainty is expected to hamper many homebuyers. US stocks fell amid ongoing concern about the banking sector and a rate hike decision from the European Central Bank. Embattled Swiss lender Credit Suisse said that it would borrow $53 billion from the Swiss National Bank to "pre-emptively strengthen its liquidity" after its shares plunged Wednesday. Meanwhile, US federal regulators continue to grapple with how to prevent more fallout from the collapse of Silicon Valley Bank and Signature Bank. The ECB said Thursday that it would raise the eurozone interest rate by a half point, a decision that could inform investors about the Federal Reserve's own rate hike call next week.