US opens lower as banking sector saga continues - Breaking The News
Download our appPlay StoreApp Store

US opens lower as banking sector saga continues

EPA/JUSTIN LANE

Stock markets in the United States opened Friday's session in negative territory, as the banking crisis sprang back to life. Deutsche Bank's shares plummeted following a sudden jump in credit default swaps that insure bondholders against default, pulling the markets in the Old Continent down. The echoes of this week's Federal Reserve's rate hike also affected the traders, as well as the incoming business activity preliminary report for March.

The Dow Jones Industrial Average plunged 0.51% or 160 points at the open. The worst performer was Dow Inc., dropping 2.10%. The Nasdaq 100 declined 0.16%, with Diamondback Energy losing 2.46%. The S&P 500 decreased by 0.44%, as Penn Entertainment went down 5.13%.

The euro traded 0.72% lower against the dollar to change hands for 1.07531 at 9:28 am ET.

Related News
US opens higher with all eyes on US-UK trade treaty
US stock market indices started trading on a positive note Thursday following President Donald Trump's announcement of a new trade deal between the United States and Britain.The agreement, which Trump described as a "full and comprehensive one that will cement the relationship" between the two countries, will be officially unveiled in a press conference shortly after the opening bell. Further, the Federal Reserve kept its key interest rate steady in its...
Dow futures jump 400 pts as Trump unveils UK deal
United States stock futures went higher in Thursday's premarket session with the Dow Jones jumping over 400 points. Investors built on the prior day's rally after the Federal Reserve held rates steady and signaled caution amid tariff uncertainty.Boosting sentiment further, President Donald Trump announced a new trade deal with the United Kingdom, while simultaneously slamming Fed Chair Powell as a "fool" who "does not have a clue," claiming inflation is...
US futures higher after Powell's remarks
Equities in the United States traded higher in Thursday's premarket after Federal Reserve Chair Jerome Powell said that the effect of President Donald Trump's tariffs had not yet been reflected in the country's data. He also noted that the Fed is waiting for the newest report on unemployment to take action if needed. Before Powell's conference, the central bank decided not to change its key interest rate.The Dow Jones Industrial Average rose by 0.62% or 255...
US markets jump at close as Fed holds rates
United States stocks closed sharply higher on Wednesday with the Dow Jones gaining over 280 points after the Federal Reserve left its benchmark interest rate unchanged at 4.25%–4.50%. Fed Chair Jerome Powell underscored that while the central bank remains patient, sustained tariffs could add upward pressure to inflation, but added that uncertainty around the scope and scale of tariffs prevents the Fed from acting preemptively. He also confirmed that...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.