Topline
Major indexes fell on Friday as bank stocks struggled following the sudden collapse of one of Silicon Valley’s biggest lenders, which launched a failed bid to help shore up cash during the challenging economy and ushered in the stock market’s worst week of the year.
Key Facts
Though it at one point surged on Friday morning, the Dow Jones industrial average ultimately fell 345 points, or 1.1%, to less than 31,910 on Friday—pushing weekly losses to more than 1,480 points, or more than 4%, in the index’s worst one-week stretch since June.
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