• US stocks fall but close mostly higher for the week despite ongoing bank fallout

    7 days ago - By Business Insider

    Spencer Platt/Getty Images US stocks finished the week mostly higher despite continued fallout from multiple bank failures. Banks borrowed $165 billion from the Federal Reserve's backstop program to shore up liquidity. But strength in mega-cap tech stocks helped catapult the Nasdaq 100 to its best weekly gain since November. US stocks fell on Friday but finished mostly higher for the week as a continued fallout from the failure of Silicon Valley Bank tests the resilience of equities. The Nasdaq 100 finished the week up nearly 6% while the S&P 500 was up about 1% as mega-cap tech stocks...
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