Morgan Stanley analyst Lee Simpson initiates coverage on STMicroelectronics (NYSE:STM) with a Equal-Weight rating.
S&P 500 Edges Higher, Market Volatility Decreases
The S&P 500 closed slightly higher on Monday after First-Citizens Bank & Trust Company entered an agreement to purchase all deposits and loans of Silicon Valley Bank.
The S&P 500 banks index gained 3.1%, while the KBW regional banking index gained around 0.6% on Monday.
