Stock Market News 16 October 2025 - 17 October 2025

Fraud Bombshell Sends Zions Stock Reeling Zions Bancorp, a Salt Lake City-based regional bank, dropped a stunning disclosure this week: it found evidence of potential fraud in two large commercial loans worth about $60 million ts2.tech. The borrowers – reportedly affiliated with an independent investment fund – allegedly misrepresented collateral and other information, prompting Zions to accelerate the loans to default and sue the guarantors in California ts2.tech. The bank wrote off $50 million of the exposure and set aside reserves for the rest, effectively recognizing a full $60 million hit ts2.tech. This charge-off will flow through Zions’ upcoming earnings, immediately denting Q3

Market Selloff Deepens on Credit Fears A wave of credit-related jitters hit Wall Street, igniting a broad selloff led by financial stocks. On Thursday, the Dow, S&P 500, and Nasdaq all shed nearly 1% of their value ts2.tech. The selloff was concentrated in regional banks, where bad loan news triggered outsized damage. Zions Bancorp disclosed a surprise $50 million loan charge-off, sinking its stock by double-digits, while Western Alliance revealed it is suing a borrower over alleged fraud – news that sent its shares tumbling as well ts2.tech. Even Jefferies, an investment firm, saw its stock slide on concerns about

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Trump’s Trade War Tantrum Shakes Markets After months of climbing to record highs, markets were blindsided in mid-October by an abrupt escalation in the U.S.–China trade conflict. On October 10, former President Donald Trump unleashed a “shock tariff ultimatum” via social media, vowing to slap 100% tariffs on all remaining Chinese imports and scrapping an upcoming peace summit with China’s President Xi reuters.com reuters.com. Beijing had moved to tighten exports of critical rare-earth minerals days prior, and Trump’s furious response signaled “Trade War 2.0” was on. The aggressive rhetoric stunned investors and “rattled markets”, erasing optimism that had driven stocks

Record Stock Surge on Phase 3 Breakthrough Praxis Precision Medicines shares skyrocketed on October 16, 2025, after the biotech reported game-changing Phase 3 trial results for its essential tremor drug. The stock closed that Thursday at $162.71, up over 183% in a single daymedcitynews.com. Earlier that morning, Praxis announced that ulixacaltamide – its experimental therapy for essential tremor – had succeeded in two pivotal late-stage studies. The news sent PRAX stock soaring more than threefold before the opening bellreuters.comreuters.com, smashing its previous highs. By midday, Reuters estimated Praxis was on track to add about $2.67 billion to its market capitalization if gains

Stock Price Stumbles as Market Volatility Bites KKR’s stock has been on a bumpy ride in recent weeks. On October 16, the private equity giant’s shares plunged nearly 7% intraday, closing around $116reuters.com. That marks a sharp one-day drop amid broader market volatility, as investors have been rotating out of higher-valuation financial stocks in the face of rising interest rates. The latest slide extends a downward trend: KKR is now down about 14% year-to-datets2.tech and roughly 16% lower over the past monthsimplywall.st. By comparison, the S&P 500 is up modestly YTD, and even the financial sector index is up around