Shares of Silicon Valley Bank parent company SVB fell by more than 50%.

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S&P 500 closes 1.8% down as pressure on bank companies increases

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dow closes closes for 200-day moving average on thursday for the first time since 9 of november

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The S&P 500 bank index fall nearly 6%

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Adam Sarhan, CEO of 50 Park Investments narrated

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“The Fed has changed the narrative that drove stocks higher for most of January and late December"

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Thursday saw a stock decline that continued into the last hour of trade.

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