Wall Street Stumbles on Regional Bank Concerns; Geopolitical Tensions and Trump’s Economic Promises Dominate News Cycle
Key TakeawaysWall Street experienced a downturn, with the S&P 500 falling 0.6%, primarily driven by mounting concerns over credit quality within the regional banking sector.Zions Bancorp (ZION) shares tumbled over 11% after the bank disclosed a $50 million charge-off related to bad loans, further intensifying worries about regional banks and broader credit markets.Hamas reiterated its commitment to the Gaza agreement and expressed willingness to return all remaining hostage bodies, though retrieval efforts ...