NEW YORK (AP) — Bank stocks tumbled on worries about what's next to break, following the second- and third-largest bank failures in U.S. history.

But many other stocks rose Monday on hopes the bloodletting will force the Federal Reserve to take it easier on the hikes to interest rates that are shaking Wall Street and the economy.

The S&P 500 fell 0.2% after clawing back most of an early drop of 1.4%. The Dow Jones Industrial Average fell 0.3% and the Nasdaq rose 0.4%.

Treasury yields plunged as investors scrambled for safety and expectations built for the Fed to ease up on rate hikes.