Stocks rose for the second consecutive trading session and ended the week up as fears about the health of First Republic Bank continued to loom over Wall Street.
The S&P 500, Nasdaq Composite and Dow rose for the month, with the blue-chip index marking its best monthly gain since January.
For the week, the Dow gained 289 points, or 0.9%, the S&P 500 added 0.9% and the Nasdaq Composite ticked up 1.3%.
Shares of First Republic dropped 43% on Friday, reaching record lows after reports swirled that the regional lender is likely headed for receivership by the FDIC. Shares of the embattled lender are down 97% this year.
Meanwhile, shares of Snap fell 17% on Friday after the company reported its first quarterly sales decline since going public in 2017.
Amazon stock slid about 4% after the e-commerce giant reported a slowdown in its cloud business.
Investors also digested two highly anticipated reports from federal regulators on the events that led up to the collapses of Silicon Valley Bank and Signature Bank. Regulators pointed out flaws in the banks' management as well as in their own processes for overseeing them.
With Big Tech and bank earnings largely out of the way, investors are focusing on the Federal Reserve's next interest rate decision set to be announced Wednesday. Analysts expect the bank to raise rates by a quarter point.
Federal Reserve Chairman Jerome Powell will likely face questions about the central bank's plans for the rest of the year in his press conference that same day — as well as questions about tighter credit conditions, as the chaos surrounding First Republic news renews banking fears.
The Dow rose 272 points, or 0.8%.
The S&P 500 gained 0.8%.
The Nasdaq Composite advanced 0.7%.
As stocks settle after the trading day, levels might still change slightly.