US stock market: Dow Jones, Nasdaq slip after First Republic Bank takeover
The Dow Jones Industrial Average and tech-heavy Nasdaq Composite Index both slipped by 0.1 percent, while the broad-based S&P 500 dipped by less than 0.1 percent. “The collapse of First Republic saw JPMorgan step up to the plate and squash the biggest market risk on the table,” said Edward Moya of the OANDA trading platform in a note.
