Regional Banks and Stocks Rise on Positive Debt-Ceiling Update
TL;DR Summary
US stocks closed higher on Wednesday, with the Nasdaq, S&P 500, and Dow all up over 1%, driven by optimism over the debt ceiling impasse and a surge in shares of regional banks following a positive update by Western Alliance. Financials and Energy were among the top-performing sectors, with regional banks such as Comerica, Zions, and KeyCorp leading the gains. The White House confirmed that President Biden would cut short his planned trip to Australia and Papua New Guinea to oversee more congressional meetings to avoid the so-called X-date of June 1.
- Nasdaq, S&P, Dow extend gains on debt ceiling optimism; regional banks jump (DJI) Seeking Alpha
- Western Alliance, regional bank stocks rise following deposit growth Yahoo Finance
- Stocks Rise on Positive Debt-Ceiling Update The Wall Street Journal
- Unusual Put Option Trade in Western Alliance Bancorp (WAL) Worth $545.00K Nasdaq
- Western Alliance's rate-risk gauge breaches internal guidance Risk.net
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