Stocks Rise on Wall Street After Bank Deal, Regulator Moves

Stocks Rise on Wall Street After Bank Deal, Regulator Moves
Traders work on the floor at the New York Stock Exchange in New York on Oct. 4, 2022. Seth Wenig/AP Photo
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NEW YORK—Stocks rose on Wall Street Monday after regulators pushed together two huge banks over the weekend and made other moves to build confidence in the struggling industry.

The S&P 500 climbed 34.93 points, or 0.9 percent, to 3,951.57. The Dow Jones Industrial Average gained 382.60, or 1.2 percent, to 32,244.58, and the Nasdaq composite added 45.02, or 0.4 percent, to 11,675.54.