SVB
US stock futures jumped Monday after the Biden administration said it would backstop Silicon Valley Bank's customers.
  • US stock futures traded mixed after the US bailed out SVB's depositors late Sunday night.
  • The Biden administration said Sunday that the failed bank's customers would be made whole.
  • SVB's collapse last week had rattled markets by dragging down big bank stocks like JPMorgan.

US stock futures traded higher but erased most of their early gains Monday as big banks continued to struggle after SVB Financial's collapse.