Stock Market News Today: US indexes climb as banking fears ease

US stocks rose on Tuesday as banking fears eased and investors turned their attention to the Federal Open Markets Committee meeting.

Treasury Secretary Janet Yellen said the government is ready to protect deposits in smaller banks whose collapse could"pose the risk of contagion." Regional bank stocks continued to recover after her remarks were reported. First Republic Bank, which fell 47% to a record low on Monday, jumped 26% on Tuesday morning, and the SPDR S&P Regional Banking exchange traded fund moved higher 5%.

Meanwhile, Fed policymakers begin their two-day meeting on Tuesday, and markets are pricing in an 82% chance the they raise interest rates by 25 basis points on Wednesday, according to the

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: US stocks jump as banking fears ebbUS stocks jump as traders hope worst of banking crisis has passed
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market news: Dow falls 400 points after UBS's Credit Suisse dealDow sinks as much as 400 points as UBS's Credit Suisse rescue deal fails to ease US banking crisis fears
Source: BusinessInsider - 🏆 729. / 51 Read more »

Live updates: Credit Suisse-UBS deal and global stock market newsGlobal markets are falling despite coordinated action by the Federal Reserve and other leading central banks to keep dollars flowing around the financial system after banks collapse. Follow the latest updates here 👇 Χρειάζεται περισσότερος έλεγχος στα golden boys. 10+ years of Fed QE and bank deregulation exposed too much risk in our financial system. Irresponsible borrowing to lift stock prices by both banks and corporations will bring everything down. This could see crypto become the leading global currency whether that is BTC, ETC or something else 🤔 FFTB
Source: cnni - 🏆 326. / 59 Read more »

Stock market news: Traders assess UBS takeover of Credit SuisseUS stocks trade mixed as investors assess banking turmoil after UBS takeover of Credit Suisse
Source: BusinessInsider - 🏆 729. / 51 Read more »

STOCK MARKET NEWS: First Republic on watch, Yellen vows banking support, Tesla’s China salesStocks rebounding as Treasury secretary Janet Yellen offers banking support, First Republic remains on watch, Tesla’s China sales strong, Wall Street readies for quarterly earnings from Nike and GameStop. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Asian Stock Market: Fears of banking turmoil propels further downside, oil drops on steady PBOCMarkets in the Asian domain witnessed an intense sell-off on Monday. The week started with the downside bias observed last week backed by a potential
Source: FXStreetNews - 🏆 14. / 72 Read more »