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Wall Street climbs as bank stress cools; Dow snaps 2-day slide
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Wall Street rebounded as credit stress cooled and earnings steadied nerves.
U.S. stocks advanced as bank credit jitters eased and earnings updates steadied sentiment. The Dow rose about 0.6%, snapping a two-day slide, with gains broadening across industrials and tech. Traders parsed management outlooks while weighing White House remarks on tackling prescription drug prices. Financials led on calmer funding conditions and narrower credit spreads, helping volatility retreat. Attention turns to mega-cap results, Treasury supply, and upcoming housing data for confirmation. Options positioning suggests constructive risk appetite if bond yields remain contained and deposit stability persists across regional lenders.