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U.S. stocks ended sharply higher Thursday as an agreement by a group of big banks to deposit $30 billion with troubled lender First Republic Bank helped soothe fears of a rolling banking crisis.
What’s happening
Stocks have seen volatile trade amid signs of stress in the banking system, but all three major indexes are on track for weekly gains. The Nasdaq Composite, up 5.2% through Thursday, was on track for its best week of 2023.
What’s driving markets
Worries…
