US markets were down on Friday to end the worst week for the banking sector in more than a decade Bank stocks led US markets lower on Friday as concerns over the health of the financial sector have continued to grow among investors. The Dow Jones Industrial Average was down over 400 points, or 1.3%, as of 16:10 GMT. The S&P 500 fell 1.15%, and the tech-heavy Nasdaq Composite slid 0.9%. The slide was driven by financials, with First Republic Bank stock nosediving 20% in early trading after the bank suspended its dividend payout and analysts said that it was facing a “dire” outlook. On Thursday, big US banks includi
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