SPDR S&P Bank ETF Price & Performance (KBE)

The S&P 500 saw a widespread downturn as all 11 sectors declined, driven by fears of escalating trade tensions. Financial stocks suffered the most, dropping 3.8%, led by Citigroup and KKR. In contrast, the Consumer Staples sector showed resilience, buoyed by Walgreens' 6.3% surge on privatization reports.123

The Federal Reserve is expected to maintain its current interest rates after its March policy meeting, keeping them at 4.25%-4.50%. This stability supports high-yield savings accounts offering up to 4.50% APY, providing opportunities for savers to grow their funds amid economic uncertainty.45

The Nasdaq Composite fell sharply, losing 2.8% in a challenging session for technology stocks. Nvidia’s 8.5% drop weighed heavily on the index, which is on track for its worst week since September 2024. Semiconductor ETFs also struggled, reflecting broader sector challenges.673