WEEK AHEAD
Stocks mix, bank stocks rise after SVB sale
U.S. stocks were mixed on Monday, while bank stocks also moved upward after North Carolina-based First Citizens (FCNCA) bank agreed to buy most of Silicon Valley Bank. Checking in with the indexes around noon. The S&P 500 (^GSPC) edged up 0.1% and the Dow Jones Industrial Average (^DJI) gained 0.5%. The Nasdaq Composite (^IXIC) down by 0.6%. Bond yields got a bounce. The yield on the benchmark 10-year U.S. Treasury note rose to 3.5% Monday morning. WTI crude oil was up $70 a barrel.