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  4. US stocks trade mixed as Credit Suisse troubles stoke fears of a banking crisis

US stocks trade mixed as Credit Suisse troubles stoke fears of a banking crisis

Jennifer Sor   

US stocks trade mixed as Credit Suisse troubles stoke fears of a banking crisis
  • US stocks fell on Wednesday as fears of a banking crisis continued to rip through the market.
  • Troubles at Credit Suisse alarmed investors, sparking a steep sell-off in shares of the Swiss bank.

US stocks recovered some losses to end mixed on Wednesday after Europe added to banking crisis fears that have been ripping through the market.

US-listed shares of $4$4$4 hitting a new all-time low in intraday trading. Investors were rattled by news that the bank's biggest backer, Saudi National Bank, would not provide additional capital.

But the Swiss National Bank later said it will provide Credit Suisse with liquidity, if necessary, adding that it "meets the capital and liquidity requirements imposed on systemically important banks."

Treasury yields continued to fall as investors dialed back expectations of Fed rate hikes. The yield on the 2-year Treasury sank 30 basis-points to 3.925%, extending its fall after notching a three-day record decline on Monday.

Here's where US indexes stood at the 4:00 p.m. ET close on Wednesday:

Here's what else is going on:

  • $4 that bet on Silicon Valley Bank before its implosion.
  • $4 its rate hikes, since that means other banks are going to collapse, DataTrek said.
  • The Fed's interest rate moves likely $4, Fundstrat estimated.
  • $4 and the 1929 market crash.
  • $4 after SVB's collapse, BlackRock's Larry Fink warned.

In commodities, bonds, and crypto:

  • Oil prices traded fell, with$4 down 4.04% to $68.43 a barrel. $4, the international benchmark, dropped 3.7% to $74.62 a barrel.
  • $4 rose 1.56% to $1,933.86 per ounce.
  • The$4 sank 14 basis points to 3.492%.
  • $4 slipped 0.63% to $24,459.54.


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