Dow, S&P, Nasdaq rebound in broad rally, First Republic falls 47%

  • Dow, S&P, Nasdaq rebound in broad rally, First Republic falls 47%

    U.S. stocks rebounded in a broad advance as banking contagion fears ease with the exception of First Republic Bank which continues to hemorrhage as its future hangs in the balance. Material, energy and industrial shares led the S&P's top sectors, while tech rose the least. In commodities, oil gained 1% to $67.54 per barrel and in currencies Bitcoin held just below the $28,000 level.

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