Stocks soar after First Republic gets $30 billion injection

U.S. stocks rallied on Thursday after a consortium of 11 of the biggest U.S. banks banded together to inject $30 billion in capital into troubled bank First Republic (FRC) as the sector works to stave off a broader financial crisis in the wake of multiple bank failures since last Wednesday. Learn more about your ad choices. Visit megaphone.fm/adchoices