US stocks open lower as bank worries still weigh on markets

Stocks are falling as more worries about banks on both sides of the Atlantic tug markets lower, according to an Associated Press report. The S&P 500 fell 0.6% early Friday. The Dow and the Nasdaq also fell. Treasury yields dropped.

Markets have been turbulent on worries that banks are weakening under pressure from higher interest rates. That’s led to rising concerns about a recession and uncertainty about what central banks will do with interest rates going forward. The stock of major German bank Deutsche Bank sank more than 10%. Earlier this month, depositors and investors fled Credit Suisse so swiftly that Swiss regulators brokered a takeover by its rival UBS.