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Karee Venema

Stock Market Today: Stocks Struggle After JPMorgan Buys First Republic

First Republic JPM US Federal Reserve JPMorgan Chase FDIC Apple First Republic Bank

person standing outside of First Republic Bank reading FDIC notice

Stocks were choppy to start the new month amid reports that regulators seized First Republic Bank (FRC) over the weekend and that JPMorgan Chase (JPM) will buy the majority of the embattled regional lender's operations. While the news had a positive effect on JPM's share price, not all bank stocks closed higher today.

The Best Semiconductor Stocks to Buy Now

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One subscription that gives you access to news from hundreds of sites

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