U.S. stocks end mostly higher as banks helped buoy S&P 500 after First Citizens deal

U.S. stocks closed mostly higher Monday, as bank shares climbed after First Citizens BancShares Inc.
FCNCA,
+53.74%
agreed to buy failed Silicon Valley Bank’s deposits and loans. The Dow Jones Industrial Average
DJIA,
+0.60%
finished 0.6% higher, while the S&P 500
SPX,
+0.16%
gained 0.2% and the technology-heavy Nasdaq Composite
COMP,
-0.47%
slipped 0.5%, according to preliminary data from FactSet. Regional and big banks helped buoy the S&P 500, with First Republic Bank
FRC,
+11.81%
among the index’s top-performing stocks, FactSet data show. Shares of major Wall Street banks such as Bank of America Corp.
BAC,
+4.97%,
Citigroup Inc.
C,
+3.87%,
Wells Fargo & Co.
WFC,
+3.42%
and JPMorgan Chase & Co.
JPM,
+2.87%
also saw sharp gains in Monday’s trading session.