Dow 31982.75 -272.02 (-0.84%)
Nasdaq 11168.81 -169.54 (-1.50%)
SP 500 3872.61 -45.71 (-1.17%)
10-yr Note +61/32 3.70
NYSE Adv 408 Dec 2498 Vol 1.1 bln
Nasdaq Adv 825 Dec 3663 Vol 6.1 bln
Moving the Market
— SVB Financial Group (SIVB) being shut down as the FDIC created a Deposit Insurance National Bank of Santa Clara to protect insured depositors of Silicon Valley Bank, Santa Clara, California
— Falling Treasury yields in a flight-to-safety trade
— Ongoing worries about Fed rate hikes