US stock market In particular, the banking group is plunging, fearing that the SVB problem is spreading.

US stock market Banking groups in particular plummeted on Monday. After investors worry about contagion from the collapse of Silicon Valley Bank, but trade commodity stocks. And some sectors that see it may benefit from hopes that the Federal Reserve will ease interest rate hikes. dragging the overall market not to fall too much

The US dollar also fell. The price of gold and silver soared on the purchase of safe-haven assets.

The Dow Jones Industrial Average (.DJI) was down 90.50 points, or 0.28%, to 31,819.14, (.SPX) was down 5.83 points, or 0.15%, to 3,855.76, and the Dow Jones Industrial Average (.IXIC) was up 49.96 points, or 0.45%, to 11,188.84.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.