U.S. stocks finish lower to cap off worst week since Silicon Valley Bank collapse

U.S. stocks finished lower on Friday, capping off the worst week for the S&P 500 and Nasdaq Composite since the collapse of Silicon Valley Bank back in March. The S&P 500 SPX, -0.77% shed 33.54 points, or 0.8%, to 4,348.35, bringing its weekly drop to 1.4%, based on preliminary closing data from FactSet.

This represents the large-cap index’s worst week since the week ended March 10, which coincided with the collapse of Silicon Valley Bank following a doomed attempt to raise capital days earlier. The Nasdaq Composite COMP, -1.01% fell 138.09 points, or 1%, to 13,492.52, shedding 1.4% for the week, also the worst since March 10. The Dow Jones Industrial Average DJIA, -0.65% fell 218.02 points, or 0.6%, to 33,728.69, falling 1.7% for the week, its worst in just over a month. U.S.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FDIC backstopped Sequoia and other bigger companies when it covered uninsured deposits at Silicon Valley Bank: Bloomberg reportThe Federal Deposit Insurance Co.’s guarantee of uninsured deposits at Silicon Valley Bank benefitted not only thousands of small tech startups, but it also...
Source: MarketWatch - 🏆 3. / 97 Read more »

5 things to know before the stock market opens FridayHere are the most important news items that investors need to start their trading day.
Source: CNBC - 🏆 12. / 72 Read more »