The US stock market closed and the banking crisis escalated. The S&P Dow hit a five-week low, and many regional bank stocks plummeted by double digits

In the end, the three major indices collectively closed down for four consecutive days. $Dow Jones Industrial Average(.DJI.US)$ It closed down 286.5 points, or 0.86%, to 33127.74 points, a new intraday low since March 30. $S&P 500 Index(.SPX.US)$ It closed down 0.72% to 4061.22 points, approaching the closing low since March 30, which was set last Wednesday, April 26. $Nasdaq Composite Index(.IXIC.US)$ It closed down 0.49% to 11966.4 points, hitting a new low since April 26 for two consecutive days.

A small-cap stock index with a focus on value stocks $Ishares Russell 2000 Value Etf(IWN.US)$ It closed down 1.18%, smoothing out all gains from Wednesday's rebound against the market, outperforming the market, and falling to its lowest level since October last year. Technology stocks are important $Invesco QQQ Trust(QQQ.US)$ It closed down 0.37%, falling for four days, and continued to hit a new low since April 26.

Of the major sectors of the S&P 500, only those that rose more than 0.9% on Thursday $Real Estate Select Sector Spdr Fund (The)(XLRE.US)$ With an increase of more than 0.7% $Utilities Select Sector SPDR Fund(XLU.US)$ The two closed higher. The one that also fell close to 1.3% $Financial Select Sector SPDR Fund(XLF.US)$ und $The Communication Services Select Sector SPDR® Fund(XLC.US)$ Leading the decline, $Energy Select Sector SPDR Fund(XLE.US)$ und $Industrial Select Sector SPDR Fund(XLI.US)$ It also fell by more than 1%. $Consumer Discretionary Select Sector SPDR Fund(XLY.US)$ und $The Health Care Select Sector SPDR® Fund(XLV.US)$ fell by more than 0.7%, $Materials Select Sector SPDR ETF(XLB.US)$ down 0.65%, $The Technology Select Sector SPDR® Fund(XLK.US)$ It fell 0.48%. The bottom of the decline was a drop of nearly 0.3% $Consumer Staples Select Sector SPDR Fund(XLP.US)$ 。

Bank stocks fell sharply in early trading, and the decline in midday trading narrowed somewhat, and still outperformed the market for the fourth day in a row. Banking industry indicators $KBW Nasdaq Bank Index(.BKX.US)$ In early trading, it fell nearly 6% and closed down 3.8%, falling to the lowest level since September 2020 for four consecutive years; $Spdr Series Trust S&P Regional Bkg Etf(KRE.US)$ In early trading, it fell more than 9% and closed down nearly 5.5%. They all fell for four consecutive days, breaking new lows since November 2020 and October 2020, respectively.

Among the big banks, $Wells Fargo & Co(WFC.US)$ It closed down 5%, $Bank of America(BAC.US)$ Decreased by 3.1%, $Morgan Stanley(MS.US)$ Down 2.5%, $Goldman Sachs(GS.US)$ It closed down 2.3%, ranking first among Dow's constituent stocks, while the other Dow's constituent stock $JPMorgan(JPM.US)$ Decreased by 1.4%, $Citigroup(C.US)$ Decreased by 1.7%.

Among regional banks, Westpac Bank fell behind schedule on Wednesday due to consideration of sales news $PacWest Bancorp(PACW.US)$ In early trading, it had fallen by more than 60% and closed down 50.6%, and the stock price reached a record low; after news broke on Thursday that they are also considering selling, $Western Alliance Bancorp(WAL.US)$ There was a decline of more than 60% in early trading. After the bank denied the news, the decline narrowed to less than 40% and closed down 38.5%, a new low since September 2013; after terminating the merger and acquisition agreement with TD Bank of Toronto, Canada's second-largest bank, was terminated, $First Horizon National(FHN.US)$ It fell more than 40% in early trading and closed down 33.2%, a new low since October 2020. $Zions Bancorp(ZION.US)$ It closed down about 12%, $Huntington Bancshares(HBAN.US)$ with $KeyCorp(KEY.US)$ Decreased by 6.3%, $Citizens Financial(CFG.US)$ Decreased by 5.2%.

Chip stocks fell for three days in a row after four consecutive days of overall growth. $PHLX Semiconductor Index(.SOX.US)$ und $iShares Semiconductor ETF(SOXX.US)$ The midday trading both turned positive in the short term, closing down about 0.5% and 0.6%, respectively. Among individual stocks, after the media claimed that Microsoft and AMD had collaborated to develop AI chips, $Advanced Micro Devices(AMD.US)$ The intraday period pulled up. The intraday increase was more than 12%, closing up 6.1%; the EPS profit for the first quarter was in line with expectations, but the core business, mobile phone chip sales, fell 17% year on year $Qualcomm(QCOM.US)$ Closed down 5.5% $NVIDIA(NVDA.US)$ It closed down 0.86%.

Leading technology stocks had mixed ups and downs. $Tesla(TSLA.US)$ It closed up close to 0.4%, rising for two days, continuing to break away from the low since January 25 set last Wednesday. Among FAANMG's top six technology stocks, Facebook's parent company $Meta Platforms(META.US)$ It closed down nearly 1.5%, falling to a three-day, one-week low; it stopped falling for three consecutive days on Wednesday $Alphabet-A(GOOGL.US)$ It closed down nearly 0.7% and began to approach the low since March 30 set last Wednesday; and $Netflix(NFLX.US)$ It closed up nearly 0.5%, rising for two days after falling for two consecutive days on Tuesday to a low level since March 22; $Amazon(AMZN.US)$ It closed up more than 0.3%, rising for three days in a row, and continued to break away from the low since April 12, when it fell for two consecutive days after the release of the quarterly report; as of Wednesday, it had fallen for three days to one week in a row $Microsoft(MSFT.US)$ It closed up more than 0.3%; $Apple(AAPL.US)$ It closed down about 1%, falling for four days in a row, and continued to reach a new low level over the past week. The first-quarter revenue announced after the market was higher than expected, and quickly turned up after the market, rising nearly 3% at one point.

Some AI concept stocks continued to rise against the market. $C3.ai(AI.US)$ It closed up about 3%, rising for two days in a row, and continued to break out of the three-month low set by a sharp decline on Tuesday and a drop of more than 7%. It ended two consecutive days on Tuesday, falling close to 12% $SoundHound AI(SOUN.US)$ It closed up nearly 5.2%. $BigBear.ai Holdings(BBAI.US)$ It fell close to 3.1%, falling for four days, and hitting a new low for another week.