On March 11, 2023, the Dow Jones New York Stock Exchange closed on Friday (March 10), falling more than 300 points as investors worried regarding the state of the US banking sector. After the closure of Silicon Valley Bank (SVB), a subsidiary of SVB Financial Group, following financial difficulties,
The Dow Jones Industrial Average closed at 31,909.64 points, down 345.22 points, or -1.07%; the S&P 500 closed at 3,861.59 points, down 56.73 points, or -1.45%, and the Nasdaq closed at 11,138.89, down 199.47 points, or -1.76%.
