Stocks tumble on a flight to safety
Stocks tumble on a flight to safety:
- US Treasury 2-year Yield Falls To 3.99%, Lowest Since Oct. 4
- Dow futures down 359, S&P 500 down 46, Nasdaq down 96
- VIX surges to 30
- move comes despite actions by the Fed, Treasury, and FDIC to backstop uninsured depositors at SVB and Signature Bank.
- Other regional banks sharply lower (FRC, WAL, PACW, ZION)
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