TSX falls to 2-month low as contagion fear hits bank stocks

📆 11-3-2023 05:55:00
📰 Reuters

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Canada's benchmark stock index fell on Friday to its lowest closing level in two months and bank stocks slid after the failure of a high profile U.S. lender in the technology sector spooked investors.

ended down 311.8 points, or 1.55%, at 19,774.92, its lowest closing level since Jan. 5.

Wall Street indexes also fell as California banking regulators said they closed SVB Financial Group"It is unclear whether SVB is a self-contained issue or the tip of the iceberg in a larger crisis for the financial sector, said Brandon Michael, senior investment analyst at ABC Funds.Latest Updates

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5 things to know before the stock market opens FridayHere are the most important news items that investors need to start their trading day. All medias sell panic and fear while organizations are buying all. Manipulation but bullish . Always 6. Duck and Cover! Today is a good day 😁
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