US stocks declined on Friday due to renewed investor concerns about the banking sector.

The Dow Jones Industrial Average was down 234 points, or 0.7%, at 9:52 ET (13:52 GMT), while the S&P 500 and NASDAQ Composite were also down.

A four-year high in Deutsche Bank’s credit default swaps on Friday caused large banks’ stocks to fall, drawing attention to the company. Shares of Citigroup Inc. (NYSE:C) fell 2.6%, JPMorgan Chase & Co. (NYSE:JPM) dropped more than 2%, and Deutsche Bank (NYSE:DB) dropped more than 6%.

Although Treasury Secretary Janet Yellen assured Congress on Thursday that more will be done to ensure the security of bank deposits, concerns about a liquidity crisis that would ultimately result in lending restrictions remain.

Futures traders now anticipate that the Federal Reserve will stop raising interest rates in May.

In contrast to projections for a 0.6% increase, durable goods orders dropped 1% last month. However, the manufacturing PMI was 49.3, more than anticipated, while the services PMI was 53.8, also higher than anticipated.

After the UK competition regulator’s decision to focus its antitrust probe into the Microsoft-Activision merger, shares of Activision Blizzard, Inc. (NASDAQ:ATVI) increased by 6.8%.

Oil prices dropped. WTI crude oil futures fell 2% to $68.56 per barrel, while Brent crude oil futures fell 1.9% to $74.50 per barrel. At $1997, gold futures were up 0.1%.