Shares of banks and other financial institutions rose as concerns about regional banks subsided.
New York Community Bancorp rose by more than 5%.
Pacific Northwest bank Columbia Banking System and Valley National Bancorp, two more banks hard hit by fears that volatile bond yields and commercial-property busts would cause another round of failures, also recouped some of their recent losses.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-02-24 1749ET