Dow falls 387 points, S&P 500 -1% as bank fears roil markets

  • Dow falls 387 points, S&P 500 -1% as bank fears roil markets

    U.S. stocks tumbled Friday, led by financials, as investors brace for more fallout in the banking sector as First Republic and Credit Suisse remain under pressure despite getting cash infusions this week. In commodities, oil fell 13% to $66.74 per barrel, while Bitcoin edged above the $26,000 level.

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