Stock Market Today: Stocks Struggle on Credit Suisse, First Republic Bank Concerns

Chaos in the financial sector stole the spotlight from this morning's inflation and retail sales updates.

Credit Suisse bank sign on Geneva branch building
(Image credit: FABRICE COFFRINI/Getty Images)

Stocks spent most of Wednesday in panic-selling mode as the fallout of the Silicon Valley Bank/Signature Bank failures spread to Swiss bank Credit Suisse (CS) and throughout the broader European financial market. But while bank stocks suffered significant losses today, the major indexes closed well off their lows. 

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Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.