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March 15, 2023

Wall Street climbs as some beaten-down bank stocks recover

By STAN CHOE and ALEX VEIGA
AP Business Writers

Stocks ended broadly higher on Wall Street Tuesday, as some of the most breathtaking moves from a manic Monday reversed course.

The S&P 500 rose 1.7% after a report showed inflation is still high but heading lower. Stocks of smaller and mid-sized banks recovered some of their prior plunges caused by worries that customers could yank out all their cash. Treasury yields soared to trim their historic drops.


 
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