After the second and third largest banks in U.S. history collapsed, bank stocks tumbled on fears of what might come next.
But many other stocks rallied on Monday on hopes that the bloodletting would force the Fed into easier gains that are rocking Wall Street and the economy.
The S&P 500 was down 0.2 percent after recovering most of its early 1.4 percent loss. The Dow Jones Industrial Average fell and the Nasdaq rose. Treasury yields tumbled as investors scrambled for safe-haven assets and expectations of an easing rally by the Federal Reserve.
The S&P 500 fell 5.83 points, or 0.2%, to 3,855.76.
The Dow Jones Industrial Average fell 90.50 points, or 0.3%, to 31,819.14.
The Nasdaq Composite rose 49.96 points, or 0.4%, to 11,188.84.
The Russell 2000 index of small companies fell 28.40 points, or 1.6%, to 1,744.30
For this year:
The S&P 500 rose 16.26 points, or 0.4%.
The Dow fell 1,328.11 points, or 4%.
The Nasdaq rose 722.36 points, or 6.9%.
The Russell 2000 fell 16.94 points, or 1 percent
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