⚠️BREAKING: *WALL ST OPENS LOWER AS REGIONAL BANKS PLUNGE; DOW DOWN 240 POINTS $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
- Wall Street's main indexes fell on Thursday after the European Central Bank raised its key policy rate despite fears of a global banking crisis, fueling concerns that the Federal Reserve could also tighten monetary policy for longer.
The European Central Bank pushed through a 50 basis point rate hike on Thursday, sticking to its inflation fight despite turmoil in financial markets sparked by the collapse of Silicon Valley Bank and"You could read a few things into the ECB decision. One is that the fears over the banking sector are not shared by the ECB.
"It's interesting that there is not much guidance forthcoming – being led by data in policy decisions can probably also mean being very aware of financial stress and markets."
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