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Kiplinger
Kiplinger
Business
Karee Venema

Stock Market Today: Stocks Finish Mostly Higher After First Citizens Buys SVB Assets

Exterior view of First Citizens Bank headquarters in Raleigh, North Carolina

A weekend absent any disruptive bank headlines helped stocks open higher Monday. 

The one bit of financial sector news that hit the wires – specifically, that First Citizens BancShares (FCNCA) is buying a large amount of assets from failed Silicon Valley Bank – only served to calm investors' fears. Still, only two of the three major indexes managed to hold their gains through the close. 

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