Stock Market Today: Stocks Rise Ahead of Fed

Bank headlines dominated another choppy day of trading on Wall Street.

stock market chart with teal bar lines
(Image credit: Getty Images)

Trading was turbulent on Monday as investors digested the latest bank headlines and looked ahead to the next Fed meeting. 

In addition to news that UBS Group (UBS) will take over embattled competitor Credit Suisse (CS), reports emerged that JPMorgan Chase (JPM) CEO Jamie Dimon is leading efforts to save beaten-down regional lender First Republic Bank (FRC). Those developments helped lift most bank stocks – although two in particular took notable dives. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at 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.