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Turmoil at Silicon Valley Bank triggers market panic: Four biggest US banks lose staggering $52 BILLION in valuation and Dow drops 540 points
- S&P 500 bank index fell more than 6% on Thursday in sharpest drop in two years
- Investors fled the financial industry following turmoil at SVB Financial Group
- Markets dropped more broadly as well with the Dow losing 540 points
Turmoil at Silicon Valley Bank triggers market panic
The S&P 500 bank index tumbled more than 6% in its biggest one-day drop in over two years, after SVB Financial Group announced a massive equity raise to cover a $1.8 billion loss.
www.dailymail.co.uk
View: https://twitter.com/StockSenseFrank/status/1634017793711435776?s=20
View: https://twitter.com/SullyCNBC/status/1633892528226172928?s=20
they have to destroy this system to implement their agenda 2030 system, no bailout this time. at least in that sense. a total reset.