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    Home / US Stock Market: Wall Street dives, treasury yields tumble as bank worries spread amid Silicon Valley Bank crisis
    Technology

    US Stock Market: Wall Street dives, treasury yields tumble as bank worries spread amid Silicon Valley Bank crisis

    AdminBy AdminMarch 14, 2023No Comments1 Min Read
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    The Dow Jones Industrial Average (.DJI) fell 345.22 points, or 1.07%, to 31,909.64, the S&P 500 (.SPX) lost 56.73 points, or 1.45%, to 3,861.59 and the Nasdaq Composite (.IXIC) dropped 199.47 points, or 1.76%, to 11,138.89

    US stocks closed sharply lower and Treasury yields extended their slide on Friday over fears of contagion in the financial sector and strong February employment data showing the economy added more jobs than expected.

    All three major US stock indexes ended the session down more than 1%, with the tech-laden Nasdaq suffering the largest percentage loss.

    The Dow Jones Industrial Average (.DJI) fell 345.22 points, or 1.07%, to 31,909.64, the S&P 500 (.SPX) lost 56.73 points, or 1.45%, to 3,861.59 and the Nasdaq Composite (.IXIC) dropped 199.47 points, or 1.76%, to 11,138.89.

    The indexes ended a tumultuous week significantly lower than last Friday’s close. The S&P had its biggest weekly percentage loss since September, while the Nasdaq and the Dow notched their largest respective losses since November and June.

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