Market Digest: Wall Street Slightly Lower, Dollar Gains with Treasury Yields
Wall Street closed slightly lower, the Dollar gained, and Treasury yields increased. U.S. construction spending rose, but single-family homebuilding remained depressed. The deal between JP Morgan Chase & Co and First Republic Bank marks the third major U.S. bank failure in two months. Weak economic data from China impacted crude oil prices, and gold prices edged lower. Major digital assets slumped, with Bitcoin falling below the $28,000 level for the second time in a week.