Shares of regional banks tumbled for much of last week on worries tied to the collapse of First Republic Bank.Hathaway Inc's Class B shares rose 1.4% after posting a $35.5 billion first-quarter profit, reflecting gains from stocks such as Apple.rose 4.1% after J.P. Morgan raised its rating to "overweight" from "neutral".Declining issues outnumbered advancers for a 1.15-to-1 ratio on the NYSE and for a 1.24-to-1 ratio on the Nasdaq.
The S&P index recorded 10 new 52-week highs and four new lows, while the Nasdaq recorded 47 new highs and 53 new lows.Shreyashi SanyalReports on highly consequential global financial markets, covering a range of asset classes. Have been in the game for over 5 years. Reach her at - +917483273460Shristi is a correspondent, part of the markets team reporting on the stock markets across U.S., UK, Canada, Europe and Emerging markets.
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