The American banking crisis sparks panic in the “Wall Street” markets
The American banking crisis sparks panic in the “Wall Street” markets
The American banking crisis sparks panic in the “Wall Street” markets
The main indices fell on “Wall Street” at the beginning of Wednesday’s trading, as a turmoil in the “Credit Suisse” bank renewed fears of a banking crisis, while US economic data kept hopes for a less sharp monetary policy move by the Federal Reserve next week.
A few days ago, US President Joe Biden pledged to hold accountable the people responsible for the bankruptcy of Silicon Valley Bank and a second financial institution, Signature Bank, seeking at the same time to reassure Americans that their deposits are safe.
“I am deeply committed to holding those responsible for this mess to account and continuing our efforts to strengthen oversight and regulation of the big banks so we never find ourselves in this position again,” Biden said in a statement on Sunday.
“The American people and American businesses can be confident that their bank deposits will be there when they need them,” the president added, in remarks also posted on Twitter.
movements of US stocks
Immediately after the opening of US stocks, the red color dominated all indices, and the “Dow Jones” industrial index fell 395.53 points, or 1.23 percent, to 31,759.87 points.
The “Standard & Poor’s 500” index fell by 42.55 points, or 1.09 percent, to 3,876.74 points, while the “Nasdaq” composite index fell 136.98 points, or 1.20 percent, to 11,291.17 points.
The American banking crisis sparks panic in the “Wall Street” markets As a result of the turmoil in American banks, the main indices on Wall Street have declined
The main indices fell on “Wall Street” at the start of Wednesday’s trading, as turmoil in the “Credit Suisse” bank renewed fears of a banking crisis, while US economic data kept expectations for a less severe Federal Reserve policy move next week.
A few days ago, US President Joe Biden pledged to hold accountable the people responsible for the bankruptcy of Silicon Valley Bank and a second financial institution, Signature Bank, seeking at the same time to reassure Americans that their deposits are safe.
“I am deeply committed to holding those responsible for this mess to account and continuing our efforts to strengthen oversight and regulation of the big banks so we never find ourselves in this position again,” Biden said in a statement on Sunday.
“The American people and American businesses can be confident that their bank deposits will be there when they need them,” the president added, in remarks also posted on Twitter.
movements of US stocks
Immediately after the opening of US stocks, the red color dominated all indices, and the “Dow Jones” industrial index fell 395.53 points, or 1.23 percent, to 31,759.87 points.
The “Standard & Poor’s 500” index fell by 42.55 points, or 1.09 percent, to 3,876.74 points, while the “Nasdaq” composite index fell 136.98 points, or 1.20 percent, to 11,291.17 points.
