Last Friday, the biggest failure of a US bank since the global financial crisis was playing out in real time as a major lender to the tech industry succumbed to a classic bank run.
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News: What you need to know about the markets | | | | Global banking suffers worst week since 2008. It ain't over yet | Last Friday, the biggest failure of a US bank since the global financial crisis was playing out in real time as a major lender to the tech industry succumbed to a classic bank run. Read more » | | Silicon Valley Bank's former parent company has filed for bankruptcy protection | SVB Financial Group, the company that owned the failed Silicon Valley Bank until the US government took it over last week, has filed for Chapter 11 bankruptcy protection. Read more » | | Credit Suisse got its lifeline. Investors are unconvinced | Credit Suisse is not out the woods just yet. Read more » | | The banking meltdown put the Fed in a bind | With just a few days to go until the Federal Reserve's next interest rate decision, US policymakers are sitting between a rock and a hard place. Read more » | | Latest on banks and global markets | Read more » | | Asian markets rebound after First Republic Bank gets rescued by US lenders | Asian markets rebounded Friday after First Republic Bank was rescued by a group of major US lenders, which eased worries about the current banking turmoil. Read more » | | | | | | | |
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| -384.57 | | -86.76 | | -43.64 | 31,861.98 | | 11,630.51 | | 3,916.64 | -1.19% | | -0.74% | | -1.10% | YTD -3.88% | | YTD +11.12% | | YTD +2.01% | | | |
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Biggest Winners | FedEx Corp | +7.97% | | Newmont Corporation | +5.22% | | Teleflex Inc | +1.56% | | Walmart Inc | +0.81% | | Biggest Losers | First Republic Bank | -32.80% | | US Bancorp | -9.38% | | Comerica Inc | -8.44% | | Lincoln National Corp | -8.19% | | | | | |
Hottest ETF | | | NYSE Market Volume | | | | | | |
Key Market Stats | Latest | Today's Change | | Oil | $66.35 | -2.00 / -2.93% | | Gold | $1,990.40 | +67.40 / +3.50% | | 10-yr | 3.40% | -0.19 | | Euro | $1.07 | +0.01 / +0.61% | | |
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