Home / Business / Plummeting bank stocks lead global selloff as fear of private credit ‘contagion’ hits across equities and the dollar

Plummeting bank stocks lead global selloff as fear of private credit ‘contagion’ hits across equities and the dollar

The fear is that “the U.S. business environment and credit quality are in a poorer state than what data suggests,” ING said in a note this morning.

The “contagion”—as ING called it in a note this morning—spread to Nasdaq 100 futures, which were down 1.4% this morning. The VIX “fear” index (which measures volatility) spiked 32% today. It has not been that high since President Trump roiled the mar… [3066 chars]

Source: Fortune | Published: 2025-10-17T11:21:14Z

Credit: Fortune

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