Fallout from the banking storm whipsawed stocks, bonds and commodities Wednesday as investors fled to the relative safety of the U.S. Treasury market. Credit Suisse led a rout in European banking shares and U.S. stocks before Swiss regulators offered to shore up the bank, stoking a rebound.
The S&P 500 ended the day down 27.36 points, or 0.7%, and the Dow Jones Industrial Average fell 280.83 points, or 0.87%—recovering more than half their intraday losses—while the Nasdaq Composite rebounded sharply and eked out a 0.05% gain.
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