Stocks Weighed Down by Bank Jitters

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Barchart

What you need to know… The S&P 500 Index ($SPX) (SPY) today is down -0.62%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.32%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.62%. U.S. stock indexes this morning added to Thursday’s sharp losses, with the S&P 500 falling to a 1-month low, the Dow Jones Industrials dropping to a 4-month low, and the Nasdaq 100 sliding to a 1-week low. Losses in bank stocks are leading the market lower on liquidity concerns and the potential fallout from the plunge in SVB Financial Group after the bank took steps to shore up its capital on Thursday. …

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