Stock Market Surges On First Republic Rescue Plan; AMD, Meta, Nvidia Above Buy Points

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The tech-heavy Nasdaq composite led the stock market higher Thursday, as big U.S. banks deposited $30 billion in a joint rescue of regional bank First Republic Bank (FRC), which closed 10% higher after crashing as much as 36% at the opening bell.

The SPDR S&P Regional Banking ETF (KRE) reversed 3.5% higher, rebounding from…

The post Stock Market Surges On First Republic Rescue Plan; AMD, Meta, Nvidia Above Buy Points appeared first on Investor’s Business Daily.

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