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Stock Market Today: PacWest Tumbles; Oil Steadies

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Aftershocks from March’s banking turmoil rumble on, even as the end of the Federal Reserve’s aggressive rate-rise campaign approaches

Aftershocks from March's banking turmoil rumbled on, even as the the Federal Reserve's aggressive rate-rise campaign approaches its end.The bank said it was talking to potential partners and investors, and would keep evaluating "all options to maximize shareholder value."before the opening bell: Western Alliance Bancorp slid 23%, while Comerica and Zions Bancorp fell by 9% and 10%, respectively. First Horizon sank nearly in half after its $13.

4 billion sale to Toronto's TD Bank was called off.. Most-traded contracts for WTI, the U.S. benchmark, hovered around $69 a barrel after a mini-flash crash early Thursday. They are down more than 10% in the past three sessions., briefly surpassing their record closing high in Asian trading hours, before paring gains. The precious metal was most recently up more than 0.7% at about $2,051 a troy ounce.ahead of a big earnings day, with Apple and other big companies on tap.

 

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