Stocks and Yields Rise Ahead of Fed Decision.

US stocks and bank stocks rose after First Citizens Bank agreed to buy most of Silicon Valley Bank. The S&P 500 added 0.6% and the Dow Jones Industrial Average gained 0.9%. Bond yields also rose, with the yield on the benchmark 10-year US Treasury note reaching 3.5%. Bank sentiment gained momentum, with regional bank stocks trading higher. The Senate Banking Committee will hold a hearing on bank failures on Tuesday, and the economic calendar includes the Conference Board's consumer confidence measure on Wednesday and the Fed's preferred inflation gauge, the PCE, on Friday.