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Agencies – The main stock indices on Wall Street opened lower today, Monday, affected by the decline in bank stocks amid fears of a continuation of crises in the wake of the collapse of Silicon Valley Bank (SVB Financial Group (SIVB.O)), while expectations rose to stop raising prices. interest in March.
The Dow Jones Industrial Average fell 89.71 points, or 0.28 percent, to open at 31,819.93 points.
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The Standard & Poor’s Index opened down 26.47 points, or 0.69 percent, at 3,835.12 points.
While the Nasdaq Composite Index lost 97.43 points, or 0.87 percent, to open at 11,041.46 points.
First Republic Bank led the round of major declines in the banking sector, after its shares plunged by 65% in pre-market trading today, after a 33% decline last week.
And the New York State Department of Financial Services said on Sunday that it had acquired Signature Bank and attached the status of recipient to the Federal Deposit Insurance Corporation, in the second bankruptcy case for a bank within days.
The administration stated in a statement that deposits with Signature Bank amounted to about $88.59 billion in total as of December 31.