Sharp losses in banking stocks led Wall Street's main indexes lower on Thursday, as turmoil at Silicon Valley Bank's parent company triggered investor fears about the stability of the financial sector.The S&P 500 bank index tumbled more than 6% in its biggest one-day drop in over two years, after SVB Financial Group announced a massive equity raise to cover a $1.8 billion loss on the sale of investments.The four largest US banks -- JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup -- saw their share prices plunge between 4% and 6%, wiping $52.3 billion from their collective market capitalizations for the day.
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