Stocks closed mostly higher on a steadying Wall Street as battered banks showed more strength, at least for now.
Markets have been in turmoil following Silicon Valley Bank’s collapse, the second-largest U.S. bank failure in history, earlier this month, and then the third-largest failure, by New York-based Signature Bank.
Investors have been hunting for which banks could be next to fall as the system creaks under the pressure of much higher interest rates.
On Wall Street, the S&P 500 eked out a 0.2 percent gain to 3,977.53 after having been up by as much as 0.8 percent. Banks and energy stocks led the gainers in the benchmark index, outweighing losses in technology and communications companies….