Dow falls 500 points as banking fears spread | CNN Business

The Dow opened the day with a decline of more than 500 points.

The S&P and Nasdaq slipped roughly 2% and 1.5%, respectively.

Shares of embattled Swiss lender Credit Suisse were down by more than 20%.

Wells Fargo was down 4.9% and JPMorgan Chase stock dropped 3.6%.