AP: Stocks fall as worries about banks, possible recession flare
The tumultuous week for Wall Street ended on a bleak note on Friday, with significant declines in stock prices. Concerns deepened over the state of the banking industry, and anxiety mounted that it could potentially lead the economy into a recession.
As of 11:30 a.m. Eastern time, the S&P 500 had decreased by 1.3% in midday trading, eroding its weekly gains. Similarly, the Dow Jones Industrial Average was down by 442 points, or 1.4%, at 31,803, while the Nasdaq composite had declined by 1.1%.
The global markets have experienced a turbulent week, with concerns intensifying following the occurrence of the second- and third-largest bank failures in the history of the United States, the Associated Press reports.
However, the markets had rallied just a day earlier when two banks in the United States and Europe secured tens of billions of dollars to strengthen their financial positions.
"Stocks fall as worries about banks, possible recession flare"
READ MORE: https://apnews.com/article/shares-wall-svb-market-republic-yellen-41c33d3d1fc492de15f5c8ed53311e30
Links for B.C.
Visit My Website
https://bcbegley.com
Follow Me On Facebook
https://www.facebook.com/B.C.Begley
Subscribe To My Patreon
https://www.patreon.com/bcbegley
Watch Me On YouTube
https://www.youtube.com/channel/UCGoU...
Follow Me On Twitter
https://twitter.com/BC_News1
Watch Me On Rumble
https://rumble.com/c/c-280191
Follow Me On Gab
https://gab.com/BC_Begley
Follow Me On Parler
https://parler.com/profile/Bcbegley20...
Watch Me On BitChute
https://www.bitchute.com/channel/FYML...
Subscribe To The Apocalypse Watch App
https://newapocalypsewatch.com
-
1:38
B.C. Begley
1 year agoBank stocks continue to fall following First Republic demise
21 -
9:51
Max Maher
1 year agoINVESTOR WARNING | Don't Buy The Recession Dip
10 -
33:39
Figuring Out Money
3 years agoIT'S ABOUT TO GET BUMPY | Stock Market Crash = OPPORTUNITY
7 -
10:03
ThisisJohnWilliams
2 years agoAmerica's Largest Bank Warns of INCOMING Economic Depression
1383 -
1:41:47
Ace in the Hole
3 months agoIt's started! New York Community Bank stock CRASHES, the Banks are in trouble!
507 -
18:09
Matt Kohrs
1 year agoBANKS COLLAPSE: What They Aren't Telling You
2.01K3 -
1:00
NextNewsNetwork
1 year ago2008 Level Crash' Looms For 4 U.S Cities, Banks Warn! #shorts
27 -
0:28
nextgencapitalTV
1 year agoAsset & Debt BUBBLE BURSTING | Prepare For What’s Coming ⚠️ #shorts
2 -
7:22
HueFin News 2 - Stocks
1 year agoApple Stock To Crash Soon? The High Is In? Is Your AAPL Stock Portfolio In Trouble?
7 -
20:06
Richest You with Tom Sweeney
3 years ago $0.01 earnedWill the Stock Market Continue to Crash in 2020
144