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Efforts To Address Banking Turmoil Contribute To Strength On Wall Street

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Following the sharp pullback seen last Friday, stocks fluctuated over the course of the trading session on Monday but largely maintained a positive bias.

The major averages all finished the day in positive territory. The Dow jumped 382.60 points or 1.2 percent to 32,244.58, the Nasdaq rose 45.02 points or 0.4 percent to 11,675.54 and the S&P 500 advanced 34.93 points or 0.9 percent to 3,951.57.

The strength on Wall Street partly reflected a positive reaction to the latest efforts to address turmoil in the banking sector, including UBS Group's (UBS) state-backed acquisition of Credit Suisse (CS).

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