Dow Jones Futures Rally After Yellen Comments; Fed Meeting To Start; First Republic Rebounds

Dow Jones Futures Rally After Yellen Comments; Fed Meeting To Start; First Republic ReboundsCredit: investors.com

investors.com

a year ago

Regional banks bounced back early, while Meta Platforms jumped on an analyst upgrade.

Dow Jones futures rallied nearly 300 points Tuesday morning, as Treasury Secretary Janet Yellen said the government is prepared to provide further guarantees of deposits if the banking crisis continues. Next up, investors will shift their attention to the start of the Federal Reserve's two-day policy meeting. First Republic Bank (FRC) jumped 15%, as regional banks rebounded. In remarks prepared for a speech to the American Bankers Association, Yellen said, "The steps we took were not focused on aiding specific banks or classes of banks.

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