[Breaking] New York Stocks Close Higher on Eased Financial Concerns... Nasdaq Up 2.48%
The major indices of the U.S. New York Stock Exchange closed higher on the 16th (local time) as concerns over the banking sector eased following the injection of bailout funds by major U.S. banks into First Republic Bank.
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On that day, the Dow Jones Industrial Average closed up 1.17% from the previous session. The S&P 500, focused on large-cap stocks, rose 1.76%, while the tech-heavy Nasdaq index closed up 2.48%.
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