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Markets wrap rough month driven by 'Extreme Fear'

The article from MSN Money discusses the tumultuous performance of financial markets in March, driven by a mix of economic indicators and global events. Key points include a significant drop in the S&P 500, with a 1.6% decline in a single day, marking one of the worst months for the index since September. This downturn was influenced by concerns over the banking sector, particularly after the failure of Silicon Valley Bank, which led to a broader sell-off in bank stocks. Additionally, the market was reacting to the Federal Reserve's interest rate decisions, with expectations of a pause or even a cut in rates due to the banking crisis, despite persistent inflation. The article also notes the impact of geopolitical tensions, such as the ongoing war in Ukraine, and economic data releases like the U.S. jobs report, which showed a cooling labor market. Overall, the market sentiment was described as being gripped by "extreme fear," with investors seeking safety in assets like gold and U.S. Treasuries, while tech stocks provided some refuge amidst the broader market turmoil.

Read the Full CNN Article at:
[ https://www.msn.com/en-us/money/markets/markets-wrap-rough-month-driven-by-extreme-fear/ar-AA1A0TDH ]