Bank Run Sparks Dow Jones Drop, Microsoft Bucks Trend with 5-Day Rally

The Dow Jones Industrial Average fell by 1% in early trading on Friday, with bank stocks resuming their slide after Thursday's rally. Microsoft broke out of a flat base with a 276.86 entry, while Apple worked on its four-day gain. Fedex soared after earnings, while Warner Brothers was also a big gainer. Nvidia and Advanced Micro Devices rose, and Baidu gained along with other China stocks. Bank fears resumed after yesterday's hopeful uptick, with First Republic cancelling its dividend and shares falling over 15% in morning trading.