Stock Market Update
06-Mar-24 12:35 ET
Regional bank shares under pressure after NYCB news
Dow +213.93
at 38799.12,
Nasdaq +174.43
at 16114.02,
S&P +42.61
at 5121.26
[BRIEFING.COM] Stocks continue to build on gains. The S&P 500 is up 0.9% and the Nasdaq Composite is up 1.1%.
Regional bank stocks are under pressure today. The SPDR S&P Regional Banking ETF (KRE) is down 2.2%.
This price action is related to news that New York Community Bancorp (NYCB 1.86, -1.36, -42.2%) is seeking a cash raise, according to The Wall Street Journal. NYCB shares are halted on volatility.
