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Stock market news today: Stocks shake off bank contagion fears

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US stocks shake off contagion fears to trade mixed amid hopes SVB crisis spurs Fed policy shift

US stocks proved resilient on Monday, trading mixed despite the continued fallout from the collapse of Silicon Valley Bank and Signature Bank at the end of last week.

Helping stocks recover from an early morning sell-off, aside from emergency measures that helped prevent a regional banking crisis, was a plunge in bond yields and"We are looking at a historic 2 day drop in the 2-year yield, the largest since right after the 1987 crash.

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We are still in a huge bubble! Wishful thinking and denial everywhere 😔

Why has the implosion of Silicon Valley Bank and Signature Bank fueled hope that the Fed will end its rate hikes? Higher interest rates are positive for the entire banking sector. Why should the majority be penalized for a very specific subset of 'tech' oriented banking services?

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Stock market strategy, outlook: Sell any stock bounces amid SVB falloutSell any rally in the stock market as fallout from Silicon Valley Bank's failure isn't over after government intervention, Morgan Stanley's chief stock strategist says
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