Why SVB Financial Stock Was Up 9.2% on Tuesday
SVB Financial Group (NASDAQ: SIVB) saw its stock price finish the day up 9.2% on Tuesday, after jumping as high as 11.2% in early afternoon trading. All three major indexes were up today, led by the Nasdaq Composite, which gained 1.5%. There was a bit of volatility on the markets today, as a strong Producer Price Index (PPI) report for October spurred an early surge.