Dow Jones Futures Rally On Yellen Comments; Fed Meeting To Start; First Republic Jumps

News Snapshot:

Dow Jones futures rallied nearly 300 points Tuesday morning, as Treasury Secretary Janet Yellen said the government is prepared to provide further guarantees of deposits if the banking crisis continues. Next up, investors will shift their attention to the start of the Federal Reserve's two-day policy meeting. First Republic Bank (FRC) jumped 15%, as regional banks rebounded. X In remarks prepared for a speech to the American Bankers Association, Yellen said, "The steps we took were not focused on aiding specific banks or classes of banks. Our intervention was necessary to protect the broader U.S. banking system. And similar actions...