US stocks shake off contagion fears to trade mixed amid hopes SVB crisis spurs Fed policy shift
US stocks proved resilient on Monday, trading mixed despite the continued fallout from the collapse of Silicon Valley Bank and Signature Bank at the end of last week.
Helping stocks recover from an early morning sell-off, aside from emergency measures that helped prevent a regional banking crisis, was a plunge in bond yields and"We are looking at a historic 2 day drop in the 2-year yield, the largest since right after the 1987 crash.
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