Stocks rally after battered First Republic gets a lifeline

Stocks Rally After Battered First Republic Gets a Lifeline

NEW YORK—Stocks rallied Thursday after a group of big banks offered a lifeline to the bank that investors had zeroed in on in their hunt for the industry’s next victim. The S&P 500 jumped 1.8 percent for its best day in nearly two months after 11 of the biggest banks said they would deposit a combined $30 billion into First Republic Bank. The Dow Jones Industrial Average erased an early loss of 300 points to climb 371 points, or 1.2 percent, whi…

Stocks rally after battered First Republic gets lifeline

Eleven of the biggest banks in the country announced a $30 billion rescue package for First Republic Bank on Thursday, in an effort to prevent the California-based bank from becomi...

Stocks rally after battered First Republic gets a lifeline

This week has been a whirlwind for markets globally on worries that banks may be bending under the weight of the fastest set of hikes to interest rates in decades.

Stocks rally after battered First Republic gets a lifeline

NEW YORK (AP) — Stocks rallied Thursday after a group of big banks offered a lifeline to the bank that investors had zeroed in on in their hunt for the industry’s next victim. The S&P 500 jumped 1.8% for its best day in nearly two months after 11 of the biggest banks said they would deposit a combined $30 billion into First Republic Bank. The Dow Jones Industrial Average erased an early loss of 300 points to climb 371 points, or 1.2%, while the …

Stocks rally after battered First Republic gets a lifeline

This week has been a whirlwind for markets on worries that banks may be bending under the weight of interest rates hikes.

Stocks rally after battered First Republic gets a lifeline

This week has been a whirlwind for markets on worries that banks may be bending under the weight of interest rates hikes.