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Stocks tumble on a flight to safety

March 13, 2023 9:00 AM EDT

Stocks tumble on a flight to safety:

  • US Treasury 2-year Yield Falls To 3.99%, Lowest Since Oct. 4
  • Dow futures down 359, S&P 500 down 46, Nasdaq down 96
  • VIX surges to 30
  • move comes despite actions by the Fed, Treasury, and FDIC to backstop uninsured depositors at SVB and Signature Bank.
  • Other regional banks sharply lower (FRC, WAL, PACW, ZION)


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