US Stock Indices Fell, SVB Collapsed
10 March 2023
US stock indices recorded today an additional loss as of what happened yesterday, when lost more than 800 points. Also, the Silicon Valley Bank collapsed and was announced closed.
Dow Jones Industrial Average fell today 345 points to 31909 points, while the S&P500 index fell 56 points to 3861 points.
The Nasdaq index, which focuses on heavy technology, fell 199 points to 11,130 points.
Russell 2000 fell today 53 points to 1772 points.
In addition, Silicon Valley Bank collapsed quickly after it announced a large loss in the possession of bonds, which led to a decline in its shares and triggered withdrawals.
Because of the depletion of balances, the authorities decided to close it.