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US equities fell broadly Thursday, leaving the S&P 500 Index at its lowest level in over a week, as worries about the banking sector flared back to life a day after a Federal Reserve meeting left investors with the impression high-interest rates may stick around for longer than the market would like. Shares of PacWest plunged 50.6% after reports that the bank has been considering strategic options, including a potential sale. In Europe, regional markets also ended the day lower, with the broad Euro Stoxx 50 Index down 0.5%.
Summary for 05.05.2023
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