U.S. stocks end mostly higher as banks helped buoy S&P 500 after First Citizens deal

U.S. stocks closed mostly higher Monday, as bank shares climbed after First Citizens BancShares Inc.

agreed to buy failed Silicon Valley Bank’s deposits and loans. The Dow Jones Industrial Average DJIA, +0.60% finished 0.6% higher, while the S&P 500 SPX, +0.16% gained 0.2% and the technology-heavy Nasdaq Composite COMP, -0.47% slipped 0.5%, according to preliminary data from FactSet. Regional and big banks helped buoy the S&P 500, with First Republic Bank FRC, +11.97% among the index’s top-performing stocks, FactSet data show.

The roller coaster ride S&P 500 🎢

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