Wall Street Rescue Talks Cause First Republic Bank Crash and Market Uncertainty

JPMorgan Chase and other big banks are discussing ways to stabilize troubled First Republic Bank, which saw its stock crash 47% on Monday. The Federal Reserve's two-day meeting kicks off on Tuesday, and the central bank may have a hard time hiking its key interest rate on Wednesday after the weekend passed with rescue attempts for several U.S. regional and community banks still faltering. The ongoing stock market correction has investors advised to mostly be on the sidelines until a follow-through day triggers a new uptrend. Top stocks to watch include Nike, Salesforce, Advanced Micro Devices, Meta Platforms, and Palo Alto Networks.