Analysts say stocks will be volatile for a while, given the number of influencing factors on the markets in recent weeks. – EPA pic, May 2, 2023.
WALL Street stocks ended lower yesterday as markets digested the takeover of the embattled First Republic Bank, while awaiting a key Federal Reserve policy decision this week. US financial authorities announced the seizure of First Republic yesterday and that it had been sold to JPMorgan Chase, making it the second biggest bank by assets to collapse in US history.
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