Stock Market Today: Markets Rise as Bank Stocks Bounce

Investors also focused on the February CPI report, which gave a mixed picture on inflation.

blue stock market chart with orange and teal moving averages
(Image credit: Getty Images)

Tuesday started off strong for stocks, but the major benchmarks finished off their session highs on reports that a Russian aircraft collided with a U.S. drone in the Black Sea. 

The February consumer price index (CPI) drew plenty of attention from investors, though it gave a mixed picture on inflation. Also in focus were regional bank stocks, which rebounded sharply after the failures of Silicon Valley Bank and Signature Bank sparked massive share-price losses across the industry. 

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Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.