Stocks muted as JPMorgan Chase takes over First Republic: Stock market news today | May 1, 2023

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U.S. stocks were muted on Monday as Wall Street digested JPMorgan Chase’s takeover of regional lender First Republic Bank.

At the close, the S&P 500 (^GSPC) was little changed, while the Dow Jones Industrial Average (^DJI) slipped by 0.14%. The technology-heavy Nasdaq Composite (^IXIC) dipped by 0.11%.