Monday Market Recap: Bank Stocks Take a Hit
TL;DR
First Republic Bank (FRC) was the biggest loser on the S&P 500, crashing 47% to a record low as it becomes the new epicenter in the bank crisis. Microsoft, Paycom Software, Intel, and Illumina also fell modestly, rounding out Monday's five biggest S&P 500 decliners. The S&P 500 index rose 0.9% on Monday, back above its 200-day moving average.
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