The Dow Jones index fell as new concerns were raised by the management of the banks. The first mass-market electric car isn’t a Tesla

Stocks fell on Friday afternoon as bank concerns resumed after Thursday’s rally. Dow Jones component Microsoft (MSFT) from a flat base with an entry of 276.86. Also in Dow Jones, apple (AAPL) retreated after a four-day march.




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The Dow Jones Industrial Average lost more than 1% at midday, down more than 400 points. The S&P 500 also fell more than 1%. The Nasdaq saw a lower decline of just 1%. The small capital Russell 2000 suffered the most, losing more than 2.5% in the lunch hour.

fedex (FDX) nearly 9% after earnings. Warner Brothers (WBD) earned more than 1% after the upgrade.

nvidia (NVDA) And advanced micro devices (AMD) rose. Baidu (Bedo) along with other Chinese stocks. Bidu stock is clearing the 50-day streak.

Trading volume on the New York Stock Exchange and Nasdaq was higher compared to the same time on Thursday.

Banking stocks resumed their decline after yesterday’s bullish rally.

a The first republic (FRCAn SEC filing revealed that the troubled bank had $34 billion in cash before major banks stepped in to bail out $30 billion. However, the bank also borrowed $109 billion from the Federal Reserve and $10 billion from the Federal Home Loan Bank. FRC also cancels dividends. Shares fell more than 15% in morning trading.

SPDR Regional Bank ETF (KRE) lost nearly 5%.

Banks borrowed $12 billion from the Federal Reserve’s new rescue program last week. However, they also took in $152.8 billion in short-term emergency loans through the Federal Reserve’s “discount window,” topping out at $111 billion in one-week loans during the 2008 financial crisis.

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Crude Oil fell to $67.00 a barrel. Gold and Bitcoin rose. Gold reached a 6-week high while the digital asset surpassed August 2022 levels.

The yield on the benchmark 10-year Treasury note fell 20 basis points, to 3.38%.

Stocks are moving outside of the Dow Jones today

Fedex gapped after its third-quarter earnings, snapping a buy point of 217.48. The Charger raised its forecast for the full year.

MarketAccess (mktx) is trying to break out of a flat base at 389.67 buy points. The stock was IBD stock on Tuesday.

Volkswagen (VWAGY) plans to release its first EV to the masses, priced at $26,000. Shares fell 4% at noon.

Technology stock Nvidia added 1% to its impressive gains on Thursday. It rose after Morgan Stanley upgraded the stock from equal weight to overweight with a high price target of 304.

Meta platforms (meta) retreated after its recent breach of a flat base. Stocks in the buy zone. META is on IBD SwingTrader While NVDA is running on a leaderboard.

Also outside the Dow, Warner Bros. rose nearly 1% after Wolfe Research upgraded its rating to outperform. Wells Fargo also gave the stock a plus rating and a price target of 20.

shares pagerduty (P.D) retreated after Thursday’s rally. The stock is approaching a buy point at 33.87 at the base of a handle cup.

Cathy Wood Stock Coinbase (currency) jumped by 7.8%. Stocks rebounded from the 50-day line.

Please continue VRamakrishnan On Twitter for more stock market news today.

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