U.S. stocks open lower with First Republic leading regional banks lower

U.S. stock indexes opened lower on Friday, giving back some of Thursday's gains as investors still assessed the health of the banking sector after First Republic Bank was rescued by a group of major U.S. lenders. The Dow Jones Industrial Average DJIA, -0.73% lost 138 points, or 0.4%, to 32,130. The S&P 500 SPX, -0.45% was off 0.2%, while the Nasdaq Composite COMP, -0.

27% declined by 0.1%. On Thursday, a group of America's largest banks including JPMorgan, Citigroup, Bank of America and Wells Fargo agreed to plunk $30 billion of uninsured deposits into First Republic Bank. Shares of First Republic opened 17% lower on Friday after the bank suspended its dividend and disclosed higher borrowing costs eating into its valuation Thursday after hours.

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STOCK MARKET NEWS: Credit Suisse, First Republic shares fall in bank rut, FedEx jumpsBank stocks remain volatile as investors weigh First Republic’s cash infusion, Credit Suisse faces more pressure as its future remains uncertain. FedEx delivers upbeat forecast as earnings season winds down. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. So sorry we have such a global elite commie mess to have to Wade through with Weak Biden and buddies yech When will I make money again?
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