Shares of 130 regional banks (at the state level) in the United States plunged, yesterday, Thursday, by more than 5%, according to what was shown by a site that tracks the banking sector in the United States.
The decline came in light of concerns about the safety of the US banking sector, in light of a wave of deposit withdrawals, and following the US Federal Reserve’s decision to raise the main interest rate.
Shares of US local banks recorded strong losses, led by “Bacoist” stock, which fell by more than 45%.
Yesterday, the “Wall Street” stock market closed down, and the “Dow Jones” industrial index fell by 0.86% to 33127.74 points.
The “S&P 500” index fell by 0.72% to 4061.22 points, and “Nasdaq” fell by 0.49% to 11966.40 points.
This article was originally published by RT.