Wall Street bounced back as strong US jobs data and a rebound in regional banking shares lift Dow Jones, S&P 500, and Nasdaq. Apple and Expedia also reported gains, while Lyft saw a drop in stock price due to low revenue projections.
Wall Street stocks drop as regional banking shares suffer steep declines following four bank failures. Recession worries increase as interest rates rise and financial stability concerns persist. Paramount Global sinks while Kenvue surges in market debut.
The latest financial news on the US stock market as the Federal Reserve raises interest rates for the tenth consecutive time but signals it may pause on additional hikes.