: U.S. stocks finish sharply higher as First Republic gets rescue from banks


CORRECTION: An earlier version of this pulse said stocks finished higher on Friday. U.S. stocks finished sharply higher on Thursday, erasing losses from earlier in the session, as a group of big banks deposited $30 billion with troubled lender First Republic Bank. The S&P 500 SPX, +1.76% gained 68.36, or 1.8%, to close at 3,960.28, according to preliminary closing data from FactSet. The Dow Jones Industrial Average DJIA, +1.17% rose 371.98 points, or 1.2%, to 32,246.55. The Nasdaq Composite COMP, +2.48% gained 283.22 points, or 2.5%, to 11,717.28.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleBanking: First Republic Bank holds big losses but falls no further as JPM, Morgan Stanley reportedly offer help
Next articleFedEx stock rises after hours on earnings beat, raised full-year outlook


Please enter your comment!
Please enter your name here