⚠️BREAKING: *U.S. STOCKS SINK TO END TUMULTUOUS WEEK ON FEARS OF BANK CRISIS CONTAGION $DIA $SPY $QQQ 🇺🇸🇺🇸
NEW YORK - Wall Street closed lower on Friday, marking the end of a tumultuous week dominated by an unfolding crisis in the banking sector and the gathering storm clouds of possible recession.
SVB Financial Group announced it would seek Chapter 11 bankruptcy protection, the latest development in an ongoing drama that began last week with the collapse of Silicon Valley Bank and" is a bit of an overreaction," said Oliver Pursche, senior vice president at Wealthspire Advisors in New York."However, there is validity to some of the concerns regarding overall liquidity and a potential liquidity crunch.
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