Economy

SVB collapse: Dow opens down more than 300 points amid bank failure fallout

By Zach Halaschak
Published March 13, 2023 2:10pm ET
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SVB collapse: Dow opens down more than 300 points amid bank failure fallout
Traders John Panin, center, and Ryan Falvey, right, work on the floor of the New York Stock Exchange, Thursday, May 9, 2019. Stocks are opening broadly lower on Wall Street as investors keep a close eye on trade talks between the U.S. and China. | (Richard Drew/AP)

The market is reacting to Silicon Valley Bank’s failure on Monday morning, with major indices in the red and shares of several smaller banks collapsing.

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Finance Markets Recession Silicon Valley Bank