The broad S&P500 closed down 0.2 percent and the Dow Jones Industrial Average fell 0.3 percent, while the technology-heavy Nasdaq rose 0.5 percent.

Trading was marked by turbulence in the wake of the collapse of niche bank Silicon Valley Bank (SVB) and fluctuated.

In an attempt to calm concerns in the financial world, the American supervisory authorities have stepped in and guaranteed all deposits in crisis-hit SVB.

The banking sector lost heavily

For parts of the banking sector, shares plummeted on Monday.

First Republic Bank led the trip down by minus 61.8 percent.

Western Alliance also fell sharply by 46.9 percent.

Even giants like Citigroup and Wells Fargo lost, with 7.5 and 7.1 percent respectively.

In the background is the central bank's Federal Reserve (Fed) interest rate meeting next week, when an increase in the key interest rate by another 0.25 percentage points is expected.

Price drop on the Stockholm Stock Exchange

The Stockholm Stock Exchange was also weighed down on Monday by heavy price falls for heavy bank shares.

The broad OMXS index closed at minus 1.6 percent.

Monday's drop in price follows the fall of 2.4 percent on Friday and means that the Stockholm Stock Exchange's rise since the turn of the year has shrunk to 4.8 percent.

Major banks in Sweden continue to lose

The stock market decline in Stockholm is widespread.

Among the most traded stocks in the OMXS30 index, 22 out of 30 stocks closed in the red.

The big banks - which took a heavy beating even in Friday's turbulence - continue to lose.

Nordea's share fell 4.4 percent, while SEB and Swedbank remained at minus 4.1 and 3.1 percent, respectively.

Among the winners among the most traded shares are the property company SBB, which rose 3.3 percent, and the medical technology company Getinge, which increased 1.9 percent.