Dow, S&P 500 up as SVB deal lifts bank shares
STORY: U.S. stocks ended mixed on Monday as a deal for Silicon Valley Bank's assets helped investor confidence in banks, while a decline in technology shares weighed on the Nasdaq.
The Dow climbed six-tenths of a percent, the S&P 500 gained just under two-tenths, while the Nasdaq slid nearly half a percent.
Liz Miller is founder and president of Summit Place Financial Advisors.
“I think we're seeing the back and forth of inter-quarter as investors just continually try to digest, really, ‘Where have we ended first quarter compared to where we started this year?' We started this year with what we thought was a clear track forward, and we're ending the quarter with a lot more questions than answers.”
First among those questions, perhaps, is whether the banking sector has stabilized.
Shares of First Citizens shot up Monday after it said it would acquire the deposits and loans of Silicon Valley Bank, which failed earlier this month in the largest bank collapse since the 2008 financial crisis.
And shares of First Republic Bank rose after Bloomberg reported U.S. authorities were considering more support for banks, which could give the struggling San Francisco-based lender more time to shore up its balance sheet.
Tech-related growth shares, which have had a strong quarter, weighed on the Nasdaq Monday. Apple, Facebook parent Meta Platforms and Google parent Alphabet all closed down.
Crypto shares were also down after the Commodity Futures Trading Commission said crypto exchange Binance and its CEO have been sued by the commission for allegedly operating an "illegal" exchange and a so-called "sham" compliance program.
Among the session’s gainers, shares of Walt Disney were up after the company began 7,000 layoffs announced earlier this year.
相關影片推薦
- 2:02英國女遊台南「喝全糖珍奶」 嚇壞驚呼:天大錯誤華視影音53,022 次觀看・11 小時前
- 2:22世界最小核潛艇 法國老牌「紅寶石級」罕見公開 直擊內部作業、核動力能巡洋數月Yahoo奇摩(國際通)3,697 次觀看・11 小時前
- 2:24以巴仇恨言論升溫 南加大穆斯林畢業生致詞遭取消 校方挨批屈服於霸凌Yahoo奇摩(國際通)12,525 次觀看・11 小時前
- 1:30【獨家】台積電工程師揪團「包樓掃房」 業界曝:持2-3房常態|#鏡新聞鏡新聞2,182 次觀看・9 小時前
- 痛斥國民黨反年改 林萬億喊:心痛!民眾黨若支持就是反年改共犯!【齊有此理】齊有此理165,856 次觀看・1 天前
- 2:03好狂! 幼園畢旅「京阪7天6夜」網驚「師心臟強」TVBS新聞網影音6,171 次觀看・14 小時前
- 1:43北榮名醫鄭宏志涉收醫療器材廠商回扣11年 遭聲押東森新聞影音10,760 次觀看・8 小時前
- 1:49獨家》亂象! 瘋買螃蟹汽機車違停 行人冒險穿梭車陣東森新聞影音5,845 次觀看・8 小時前
- 3:18五種包餡銅板美食 醫生點名「傷腎魔王」東森新聞影音6,600 次觀看・1 天前
- 1:06江宏傑曬照為兒子慶生 姐弟團聚對嘴親親好溫馨娛樂星聞216,894 次觀看・4 天前
熱門必看
- 3:13唐綺陽星座運勢:本週水星逆行牡羊座!上升射手注意舊情人找上門來~唐綺陽談星室42,967 次觀看・5 天前
- 9:38換乘戀愛3為何能讓大家一秒入坑? 比韓劇還扯?戀綜衝擊看點曝光Yahoo創作摩人26,792 次觀看・1 週前
- 9:57【居家清潔紀錄】花費4小時清潔廚房跟衛浴!費用、前後比對公開,結果太驚人😂原來這些都是清潔重點!★特盛吃貨艾嘉f.t.55688生活大管家特盛吃貨艾嘉6,983 次觀看・1 週前
- 1:55男生也可以飆唱紫棋的原 key!神人快拜!#好聲音推薦 #學唱歌 #歌唱教學 #翻唱 #reaction嘎老師 Miss Ga5,188 次觀看・3 天前
- 6:59簡單三步驟做出超好吃酸白菜蘿潔塔的廚房28,950 次觀看・1 天前