Investor concerns lead to stock market decline and bond market growth.
TL;DR
US stocks, including the S&P 500 and Dow Jones Industrial Average, fell while government bonds and gold rallied due to ongoing concerns about regional banks and the economic outlook. This comes after the FDIC seized First Republic Bank and sold most of its operations to JPMorgan Chase.
- Stocks Fall, Bonds Rise on Investor Worries The Wall Street Journal
- Stocks slump as regional banks tank: Stock market news today Yahoo Finance
- 2-year Treasury yield falls as investors weigh Fed rate decision, economic outlook CNBC
- Morning Bid: Another day, another U.S. banking swoon Reuters
- 2-year Treasury yield falls below 3.9% day after Fed rate hike, pointing to widening disconnect between markets and central bank MarketWatch
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Read on The Wall Street Journal