US stocks turn lower as regional banks begin to struggle once again

The KRE regional bank ETF ETF An ETF, or Exchange-Traded Fund, is a type of investment fund that is traded on stock exchanges just like individual stocks. ETFs are designed to track the performance of a specific index, commodity, or basket of assets. For example, a stock market ETF may aim to replicate the performance of a particular stock index, such as the S&P 500. A well-known version of this is SPY. A commodity ETF might track the price of gold or oil, while a bond ETF could follow the performance of a specific bond An ETF, or Exchange-Traded Fund, is a type of investment fund that is traded on stock exchanges just like individual stocks. ETFs are designed to track the performance of a specific index, commodity, or basket of assets. For example, a stock market ETF may aim to replicate the performance of a particular stock index, such as the S&P 500. A well-known version of this is SPY. A commodity ETF might track the price of gold or oil, while a bond ETF could follow the performance of a specific bond Read this Term has been trending lower in the past hour or so for reasons that aren't clear. Earlier today, House speaker Kevin McCarthy said that blanket deposit insurance wasn't on the table for now, so that couldn't have helped.

Embattled bank First Republic is down 7.2% with yesterday's gain now nearly completely erased.

The Nasdaq NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term has been soft all day led by Google and chipmakers but the weakness has now spread to Apple, American Express and Tesla.

I would be careful to draw too many conclusions as we're into the final stretch of the quarter and there may be some rebalancing at work.