Stocks fluctuate as market reacts to mixed news and events.
TL;DR Summary
The stock market closed lower due to continued concerns in the banking sector, with First Republic Bank losing over two-thirds of its value this week. The Nasdaq composite held above the critical 200-day moving average, while the S&P 500 tested resistance at that level. Baidu gained over 6% after becoming the first provider allowed to run a fully driverless robo-taxi service in Beijing. JPMorgan Chase and Goldman Sachs were among the Dow's losers, falling 3.8% and 3.7%, respectively. First Republic Bank plunged 32.8% after suspending its dividend, and SVB Financial filed for Chapter 11 protection.
- Stock Market Not Feeling Lucky On St. Patrick's Day; Baidu Gains Over 6% Investor's Business Daily
- Stocks making the biggest moves midday: First Republic, FedEx, Nvidia, Bumble & more CNBC
- Stock Market Today: Dow Closes Lower, First Republic Shares Plunge The Wall Street Journal
- Major US indices open with mixed results. NASDAQ trades above and below unchanged. ForexLive
- S&P 500 Futures grind higher as yields retreat amid mixed feeling for Fed, banking system FXStreet
- View Full Coverage on Google News
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