The Dow opened the day with a decline of more than 500 points Wednesday as banking fears spread across global markets, though the index pared losses to close the day down about 281 points, or 0.9%.
&P closed down about 0.7%, while the Nasdaq eked out a slight gain for the day.
Credit Suisse stock ultimately closed about 24% lower. Switzerland's central bank said late Wednesday it was ready to provide financial support to Credit Suisse if necessary. Wall Street also continues to grapple with banking tumult domestically, after the collapse of Silicon Valley Bank and Signature Bank rocked markets last week and early this week. While stocks recouped some of their losses on Tuesday, investors remain wary of the banking fallout and what it means for the Federal Reserve's interest rate-hiking campaign going forward and the overall stability of the financial sector.
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Dow falls 500 points as Wall Street also continues to grapple with banking tumult domesticallyThe Dow opened the day with a decline of more than 500 points Wednesday as banking fears spread across global markets, though the index pared losses to close the day down about 281 points, or 0.9%.
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Dow falls 500 points as banking fears spread | CNN BusinessThe Dow opened the day with a decline of more than 500 points Wednesday as banking fears spread across global markets.
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Stock Market Today: Dow Futures Rise Ahead of CPI Inflation ReportStock futures edged higher and Treasury yields stabilized as traders awaited inflation data. Follow the latest markets updates.
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Dow futures fall 500 points as Credit Suisse slide adds to financial sector woes: Live updatesPressure on the financial sector grew with shares of Credit Suisse, a Swiss Bank with large U.S. operations, tumbling more than 20%.
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Stock Market Today: Dow Futures Drop 600 Points, Credit Suisse Stock Price Down 25%The Dow dropped more than 500 points as banking fears increased and Credit Suisse shares tumbled. Treasury yields fell sharply.
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US stock fall as bank worries spread to Europe; Dow down 500Stocks are tumbling on Wall Street Wednesday as worries about the strength of banks worsen on both sides of the Atlantic Ocean. The S&P 500 was 1.4% lower in early trading, while markets in Europe slumped even further as shares of Switzerland’s Credit Suisse tumbled to a record low.
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