The US Dow Jones Industrial Average and the Nasdaq Composite fell 0.7% in early trading. The agency reported interfax.
According to media reports, investors are revising their forecasts due to possible further steps by the Federal Reserve. They believe that after the collapse of Silicon Valley and Signature Bank, the US regulator will not be aggressive.
Former US President Joe Biden spoke He made an urgent appeal to the Americans because of the situation in the national banking system, but did not promise the Americans that the collapse of the two banks would not cause a chain reaction.
March 10 for the first time since the 2008 financial crisis in the USA a big bank went bankrupt — Silicon Valley Bank (SVB). The bankruptcy was associated with an increase in the key rate of the US Federal Reserve System, which led to the depreciation of assets on the balance sheets of many financial institutions.
before March 13 recognizedNew York State officials closed Signature Bank due to systemic risks. On the same day, securities of the Swiss financial conglomerate Credit Suisse plunged more than 11%.