The Dow Jones Industrial Average rose 0.8%, and the Nasdaq composite gained 0.3%. The Nasdaq composite rose 43.51 points, or 0.3%, to 16,346.26. The Russell 2000 index of smaller companies rose 18.50 points, or 0.9%, to 2,073.63.
The Federal Reserve disclosed results from an assessment of how the biggest US banks would be impacted by climate change, an exercise that created new political tensions for the central bank.
The U.S. Environmental Protection Agency says it found “insufficient evidence” that racial discrimination shaped decisions made by two Mississippi agencies about water system funding for the state's majority-Black capital city of Jackson. The EPA's Office of External Civil Rights Compliance issued its findings this week about the investigation it started in October 2022 into the Mississippi Department of Environmental Quality and the Mississippi State Department of Health.