US stocks: S&P 500 ends up slightly; SVB deal lifts bank shares
The S&P 500 closed up Monday, thanks to a deal that saw First Citizens BancShares buy Silicon Valley Bank. The acquisition will help to shore up the failed bank’s deposits and loans. Banks stocks enjoyed upward momentum with the S&P 500 banks index rising 3.1% and the KBW regional banking index up 0.6%.
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