Reported 13 days ago
Regional bank stocks took a hit amid concerns over bad loans, particularly after Zions Bancorporation reported a $50 million charge-off. Notable decliners included Fifth Third Bancorp and Regions Financial. Conversely, data storage stocks like Micron Technology and Western Digital saw gains due to increased demand driven by AI. The overall market closed lower with the S&P 500 down 0.6%, as ongoing U.S.-China trade tensions affected investor sentiment.
Source: YAHOO