US closes mixed as banking unrest persists
Major stock markets in the United States closed mixed on Monday, after a volatile session, as investors remained vigilant in the wake of the drama surrounding the financial sector. Although concerns over whether the country's economy would be able to hold strong against the newly formed crisis persisted, the most recent events also led some to believe there might be a chance that the central bank steers clear of interest rate increases at its meeting scheduled for March 21.
The Dow Jones closed with a 0.28% loss, as American Express plunged 4.87%. The Nasdaq 100 advanced 0.79% at the close, with Illumina surging 16.97%. At the same time, S&P 500 fell 0.15%, as First Republic Bank dragged the index down by 61.83%.
The euro was 0.85% above the dollar at 3:59 pm ET, selling for 1.07278.