Silicon Valley Bank collapses after failing to raise capital

SVB Financial Group's announcement that it needed to sell billions of dollars of assets to make its customers whole continued to send Wall Street into panic mode.

News: What you need to know about the markets     Silicon Valley Bank collapses after failing to raise capital SVB Financial Group's announcement that it needed to sell billions of dollars of assets to make its customers whole continued to send Wall Street into panic mode. Read more »   The US economy added 311,000 jobs in February, outpacing expectations The US economy added 311,000 jobs in February, according to the Labor Department's closely watched monthly employment snapshot, released Friday. Read more »   Markets sink after massive bank failure and rate hike fears Read more »   The Fed wants to limit wage growth. That's particularly bad for women The US labor market is remarkably strong — unemployment is sitting at five-decade lows even as the Federal Reserve does all it can to cool the economy in its fight against inflation. Wage growth is also increasing as demand for labor outpaces supply. Read more »   Global markets sink after sharp selloff in US bank stocks Markets in Europe and Asia tumbled Friday following a sharp selloff in banking stocks in the United States as a major tech lender said it had to sell shares to plug a hole in its finances. Read more »   London fears for its future as companies defect to Wall Street London is used to punching well above its weight in global financial markets. Read more »

Dow Nasdaq S&P -345.22   -199.47   -56.73 31,909.64   11,138.89   3,861.59 -1.07%   -1.76%   -1.45% YTD -3.73%   YTD +6.42%   YTD +0.58%

Biggest Winners JPMorgan Chase & Co +2.54%   Abbvie Inc +1.60%   Cigna Group +1.36%   Travelers Companies Inc +1.01% Biggest Losers First Republic Bank -14.84%   Charles Schwab Corp -11.69%   Alexandria Real Estate Equities Inc -8.67%   Boston Properties Inc -7.27%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $76.59 +0.87 / +1.15% Gold $1,871.90 +37.30 / +2.03% 10-yr 3.70% -0.23 Euro $1.07 +0.01 / +0.61%

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