The S&P 500 on Tuesday posted its highest close since the collapse of Silicon Valley Bank earlier this month, which sent shockwaves through financial markets and raised concerns about the stability of the U.S. banking system. The S&P 500 index SPX, +1.30% closed up about 51 points, or 1.3%, ending near 4,003, according to preliminary data from FactSet.
See: The Fed will either pause or hike interest rates by 25 basis points. What are the pros and cons of each approach?
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