Tech Insider
NYSE Trader
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 3, 2020.

Andrew Kelly/Reuters

  • US stocks rose on Monday as banking crisis fears subsided and regional bank stocks rebounded.
  • Treasury Secretary Janet Yellen said the government could protect deposits at smaller banks.
  • Investors also looked to the Fed meeting, expecting a key policy decision on Wednesday.

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."

Tags
Markets, MI Exclusive, Stock market news today, Banking Crisis, us banking crisis, FOMC meeting, Fed rate hikes, fed interest rates, fed inflation, interest rate outlook, Bank stocks, regional bank stocks
Source
US stocks climb as banking fears ease and investors focus on key Fed meeting