Benchmark indexes regained some ground in late trade after Bloomberg reported the Swiss government was holding talks on options to stabilize the country's banking giant. The Nasdaq composite closed with slight gains.
"We are seeing movement on the headlines but not severe headlines which is good. ... I don’t think we are at 2008-2009 stages by any means when it comes to the contagion stuff," said Themis Trading co-manager of trading, Joe Saluzzi. Still, Credit Suisse troubles piled more pressure on the banking sector after U.S. authorities relieved investors with emergency measures to prevent contagion after the collapse of SVB Financial
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I really don’t care what the over-reactive, Wall Street nerds panickers do. The only time they seem happy is when the circumstances are that most Americans are struggling. Just sit tight and the markets will go back up once these whiners get a grip.
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Dow falls 600 points as Credit Suisse adds pressure to already troubled banking sector: Live updatesPressure on the financial sector grew with shares of Credit Suisse, a Swiss Bank with large U.S. operations, tumbling more than 25%. i am staring at my btc and gold like gollum western financiers' favorite food: sXit.........eat on Pressure ti wa
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