Dow tumbles 200 points, banks slide as Fed tightens capital rule

Financial stocks weighed on the broader markets Friday pulling the Dow Jones Industrials and S&P 500 lower after the Federal Reserve said it would end easier capital requirements allowed during the pandemic. Elsewhere, a few bright spots tied to the improving economy include FedEx, whose shares jumped 7% after revenue rose over 20% on a surge in deliveries as more people shopped from home.

For more news, please go to FoxBusiness.com and watch Fox Business Network.

More NewslettersUnsubscribePrivacy PolicyContact Us

©2021 Fox News Network, LLC. 1211 Avenue of the Americas, New York, NY, 10036. All Rights Reserved. Privacy Policy

Fox Business never sends unsolicited email. You received this email because you requested a subscription to Fox Business Breaking News Alerts from FoxBusiness.com