US Stocks Fluctuate as JPMorgan Acquires Seized First Republic Bank Amid Regulatory Intervention
US stock indexes began mixed trading after JPMorgan Chase & Co announced on Monday that it had won the auction to acquire First Republic Bank. The bank’s acquisition came after regulators seized the San Francisco-based lender, marking the third failure of an American bank in just two months. Following the news, the Dow Jones Industrial […]
Mixed Day for US Stocks: Nasdaq Slips as Tech Losses Temper Wall Street Optimism
US stocks ended mixed on Monday, with the Nasdaq Composite slipping ahead of big tech earnings due this week. The Dow Jones Industrial Average (DJIA) closed about 0.2% higher, the S&P 500 edged up 0.1%, and the tech-heavy Nasdaq fell 0.3%, according to preliminary data from FactSet. Information technology was the S&P 500’s worst-performing sector […]