Stock market news today: Silicon Valle Bank failure drives stocks lower

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Dow tumbles 345 points as the biggest bank failure since 2008 rattles nerves

Stocks had moved higher ahead of the opening bell after investors found some relief in the February jobs report.last month, much higher than expectations of 205,000 in a Bloomberg survey of economists. But wage growth slowed to 0.2% from January's 0.

5% pace, curbing expectations the Federal Reserve will upsize its March interest rate hike to 50 basis points. crisis: What you need to know about SVB Financial as its shares plunge. Emerging markets investing pioneer Mark Mobius says most of his investments are in Taiwan

 

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