Bank Stocks Crater but Technology Stocks Climb as Bond Yields Slide

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What you need to know… The S&P 500 Index ($SPX) (SPY) Monday closed down -0.15%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.28%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.79%. Stock indexes Monday recovered from sharp early losses to settle mixed, with the S&P 500 falling to a 2-1/4 month low and the Dow Jones Industrials falling to a 4-1/2 month low. The broader market Monday found support on emergency measures announced Sunday by U.S. government agencies to guarantee all depositors’ money and to provide easier loan terms to banks facing liquidity troubles. However…

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