U.S. stocks opened marginally higher on Monday as investors focused on a recovery in shares of regional lenders including PacWest Bancorp PACW and other hard-hit names. The S&P 500 SPX was up 2 points, or less than 0.1%, at 4,137 shortly after the open, according to FactSet data.
The Nasdaq Composite COMP was off by 10 points, or 0.1%, at 12,224. The Dow Jones Industrial Average DJIA was essentially flat at 33,666. Investors will receive an update on the state of bank lending on Monday when the Fed’s Senior Loan Survey is released at 2 p.m. New York time.
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