Stocks Fall as Bank Concerns Linger

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What you need to know… The S&P 500 Index ($SPX) (SPY) today is down -0.99%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.24%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.42%. U.S. stocks are moderately lower on concern that turmoil in the banking sector will push the global economy into recession. A decline in regional bank stocks is weighing on the overall market. First Republic Bank is down more than -21% and is dragging peers lower as sentiment toward the stock remains fragile despite Thursday’s proposal for $30 billion of aid from a consortium of the biggest U.S. banks. H…

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