March 11, 2023

[GIST] US stocks tumble on Silicon Valley Bank turmoil

[GIST] US stocks tumble on Silicon Valley Bank turmoil

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Wall Street stocks ended Friday’s session decisively lower as banking shares wobbled on contagion fears, after the failure of regional lender Silicon Valley Bank. The Dow Jones Industrial Average finished down 1.1 per cent at 31,909.96. The broad-based S&P 500 fell 1.5 per cent to 3,861.59, while the tech-rich Nasdaq Composite Index slid 1.8 per


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