Reported 14 days ago
US stocks fell significantly on Thursday due to growing fears about regional banks' exposure to bad loans, which raised concerns about the overall credit market. The Dow dropped 301 points, with major banks like Zions Bancorp and Western Alliance Bancorp experiencing significant losses. This turmoil was exacerbated by issues at lenders like Jefferies, leading to an increase in market volatility and a surge in gold prices as investors sought safer assets.
Source: YAHOO