Stock market news today: Regional bank stocks under new pressure

"While we remain cautious on stocks, we don't expect any kind of repeat of the 2008 financial crisis and we believe investors should be focused on how the Federal Reserve proceeds with its efforts to reduce inflation, which still remains high," Ryan Belanger, managing principal at wealth management firm Claro Advisors, in a Thursday note.

Thursday marks one year since the Federal Reserve embarked on its most aggressive run of rate hikes in decades. The abrupt failure of SVB after higher interest rates hammered the value of a big bond portfolio at the lender spurred traders to start pricing in a potential pause in rate hikes at the Fed's March 21-22 meeting.

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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. Probably good for inflation. “Edna! Get my broker on the line! We’re putting everything in Gold! We’re circling the drain! And bring the Maker’s Mark with you!”
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Stock market news today: Dow snaps 5-day losing streak after CPIUS stocks rise as bank shares rebound and CPI shows inflation continues to cool
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