U.S. stocks ended lower Wednesday, with the Dow Jones Industrial Average falling almost 300 points, as concerns over troubled Credit Suisse Group CS, -13.94% added to worries about the banking system. The Dow DJIA, -0.87% closed 0.9% lower, while the S&P 500 SPX, -0.70% shed 0.
7% and the technology-heavy Nasdaq Composite COMP, +0.05% edged up around 0.1%, according to preliminary data from FactSet. The Swiss National Bank said Wednesday that it will provide liquidity to Credit Suisse “if necessary.” The S&P 500’s financial sector slumped 2.8% Wednesday, one of the index’s worst performing sectors along with energy and materials and industrials.
It's a reminder of how quickly the markets can move. Always be sure to do your research before investing.
I'm waiting for more investors to blame black lives matter for banks collapsing. This lie has grown legs and took off on social media.
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Stock market today: Dow Jones down 600 pts on Credit Suisse routDow dives over 600 points as Credit Suisse selloff injects fresh unease into markets to your portfolio... 'Great, now I'm feeling so much better about my investments!'
Source: BusinessInsider - 🏆 729. / 51 Read more »