 "Wall Street, US stocks, S&P, Dow Jones")
US stock indexes were mixed in choppy trading on Monday as investors weighed a possible pause in interest rate hikes by the Federal Reserve in March and risks of a contagion from Silicon Valley Bank's collapse.
Trading in shares of SVB's peer Signature Bank, which was shut down by regulators on Sunday, was halted.
First Republic Bank dropped 76.6% as news of fresh financing failed to reassure investors, while Western Alliance Bancorp, PacWest Bancorp fell 82.5% and 53% respectively. Trading in the stocks was halted several times due to volatility.
The sudden shutdown of SVB Financial on Friday after a failed capital raise
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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