Market Turmoil: Banking Sector Woes and Volatility Shake Stocks and Bonds.

Shares of Deutsche Bank fell 13% due to concerns over the health of the European banking industry. Payment company Block slid 1.9% after being downgraded to hold by Atlantic Equities on the lack of clarity on its Cash App. Cryptocurrency exchange Coinbase's stock ticked down 2.3% after disclosing it received a Wells notice from the SEC. Energy stocks fell in the premarket as oil prices slid, with Marathon Oil and Devon Energy falling about 3%. Children's book publisher Scholastic's shares fell 13% after reporting a decline in revenue for its fiscal third quarter from the previous year and lowering its financial guidance for the full year.