Banking crisis fears ease, futures and stocks rise.
TL;DR Summary
Wall Street's main indexes are set to open higher as concerns about a banking crisis ease, with regional US bank stocks mixed. The slight retreat in Treasury yields has lifted major technology and growth stocks, while traders' bets are tilted towards no rate hike by the Federal Reserve in May. Investors are awaiting economic data to gauge the Fed's monetary policy path, with a report on pending home sales and a key inflation reading expected later in the week. The CBOE volatility index, known as Wall Street's fear gauge, fell to its lowest since March 9, reflecting easing investor anxiety.
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