The Dow Jones Industrial Average fell Friday as investors remained skittish on First Republic and other banks amid the industry’s crisis.
First Republic slid 20% despite gaining nearly 10% in the previous session. The stock got a boost Thursday when a group of banks said it would aid First Republic with $30 billion in deposits as a sign of confidence in the banking system. That dip weighed on the SPDR Regional Banking ETF (KRE), which was down 5%.
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LIVE: Watch stocks trade in real time as First Republic’s slide rattles Wall Street — 3/17/2023
By: CNBC Television
Title: LIVE: Watch stocks trade in real time as First Republic’s slide rattles Wall Street — 3/17/2023
Sourced From: www.youtube.com/watch?v=w2pAoupji_g
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