Banks, stocks jump after strong report from China

New York • U.S. stocks bounced back from recent losses Monday after the Chinese government said that country’s economy grew at a slightly faster pace in the first quarter. Banks jumped as interest rates recovered. After losses in three of the last four weeks, stocks had their best day in more than a month. The largest gains went to industries that would benefit the most from faster global economic growth. Among banks, the leaders included M&T Bank, which became the latest financial company to re...

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