Wall Street's three major stock indexes closed lower on Thursday, with bank stocks creating the biggest drag while investors also worried that Friday's jobs report could spur more aggressive interest rate hikes from the Federal Reserve. The S&P 500's bank index finished down 6.6 percent after hitting its lowest level since mid-October. Investors fled the sector after tech-industry lender SVB Financial Group launched a share sale to shore up its balance sheet due to declining deposits from startups struggling for funding.

https://business.inquirer.net/390280/wall-st-falls-on-bank-stocks-tumble-jobs-report-jitters

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