U.S. stocks struggled to find a solid direction Monday, drifting mostly lower in the afternoon after giving up modest early gains seen after failed First Republic Bank was auctioned off to JPMorgan Chase & Co. and as investors kept their focus on this week’s Federal Reserve policy meeting.
What’s happening
Stocks ended April on a positive note Friday, brushing off banking jitters. The Dow notched its best monthly performance since January, up 2.5% in April, while the S&P 500 advanced 1.5% and the Nasdaq gained less…
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