Stock Market Today: Nasdaq Gains as Treasury Yields Collapse

The tech-heavy index swung higher Monday as investors sought out safety in government bonds.

blue stock market chart with blue and green moving averages going higher
(Image credit: Getty Images)

Stocks opened lower Monday as investors caught up on this weekend's onslaught of concerning headlines. 

After closing down Silicon Valley Bank – a regional lender owned by SVB Financial Group (SIVB) – Friday, regulators over the weekend pulled the plug on Signature Bank (SBNY), a New York-based financial firm with ties to the cryptocurrency market. Officials, who cited systemic risk as the catalyst for the closures, took emergency measures to prevent contagion, but bank stocks were still among Wall Street's biggest decliners today. 

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Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.