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Stocks Rise as Bank Shares Gain

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Fed kicks off two-day policy meeting Tuesday with traders expecting 0.25-percentage-point increase

Traders on the floor of the New York Stock Exchange (NYSE) in New York, US, on Tuesday, Jan. 3, 2023. US stocks fell as losses in Apple Inc. and Tesla Inc. weighed on the S&P 500 and the tech-heavy Nasdaq 100. Photographer: Michael Nagle/Bloomberg (Bloomberg)Premium
Traders on the floor of the New York Stock Exchange (NYSE) in New York, US, on Tuesday, Jan. 3, 2023. US stocks fell as losses in Apple Inc. and Tesla Inc. weighed on the S&P 500 and the tech-heavy Nasdaq 100. Photographer: Michael Nagle/Bloomberg (Bloomberg)

Increased investor optimism about the banking system helped lift U.S. stocks Tuesday, with shares of regional banks including First Republic Bank at the front of a broad market rally.

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