Stocks closed higher amid a flurry of earnings: Stock market news today

U.S. stocks closed higher during Monday’s trading session as another round of critical earnings got underway. Investors remain focused on results from financial institutions following the failure of Silicon Valley Bank last month.

At the close, the S&P 500 (^GSPC) edged up 0.33%, the technology-heavy Nasdaq Composite (^IXIC) gained 0.28% and the Dow Jones Industrial Average (^DJI) added 0.30%.

Bond yields were up. The yield on the 10-year note climbed to 3.597%, while the two-year note yields gained to 4.188% Monday.

First Bank (FRBA), Pinnacle Financial Partners, Inc. (PNFP), ServisFirst Bancshares, Inc. (SFBS), and CrossFirst Bankshares, Inc. (CFB) are slated to report after the close Monday, providing more insight on the banking sector.

On the commodities front, gold futures (GC=F) are holding on to key levels above $2,000 per ounce on the back of hawkish rate hikes comments from Federal Reserve officials last week. Crude oil (CL=F) hovered above $80 a barrel as gas prices…

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