First Republic News and Fed Awaited, Wall Street Remains Flat.

US stocks ended little changed on Monday as investors took in the weekend auction of First Republic Bank and braced for this week's expected interest rate hike from the Federal Reserve. The KBW regional banking index dropped 2.7%, while shares of JPMorgan Chase & Co, which won the auction of failed lender First Republic, rose 2.1%. The Fed, which has been raising rates to cool inflation, is expected to hike rates an additional 25 basis points on Wednesday.