Stock futures rose Monday as traders assessed a plan to backstop all the depositors in failed Silicon Valley Bank and make additional funding available for other banks.
Futures for the Dow Jones Industrials gained 51 points, or 0.2%, early Monday to 32,216.
Futures for the S&P 500 nicked higher 1.6 points, or 0.4%, to 3,913.50.
Futures for the NASDAQ Composite shot higher 110.5 points, or 0.9%, to 12,079.75.
Bank stocks were under pressure Monday, with JPMorgan Chase and Citigroup falling. Regional banks fell even more, led by a 60% drop in First Republic.
All Silicon Valley Bank depositors will have access to their money starting Monday, according to a joint statement from the Treasury Department, Federal Reserve and the FDIC.
The Federal Reserve also said it is creating a new Bank Term Funding Program aimed at safeguarding deposits. The facility will offer loans of up to one year to banks, saving associations, credit unions and other institutions.
Elsewhere, investors are watching various economic reports this week. Tuesday's consumer price index report is the last major inflation data release ahead of the Fed's next meeting, ending March 22. February retail sales and the producer price index are also on deck.
In Japan, the Nikkei 225 index faded 1.1% Monday, while in Hong Kong, the Hang Seng slumped 2% Monday.
Oil prices dipped $1.03 to $75.65 U.S. a barrel.
Gold prices grabbed $20.30 to $1,887.50 U.S. an ounce.