Wells Fargo stock price jumps 2% as banks rebound; shutdown vote and Fed path back in focus
Wells Fargo shares rose 2.1% to $92.36 Monday as U.S. manufacturing PMI jumped to 52.6 in January, signaling growth. The S&P 500 set a new high, driven by chipmakers and AI stocks. A partial government shutdown delayed key labor data, while traders watched Washington’s funding talks and the Fed’s March meeting for rate signals.