The opening of the markets on Wall Street ringing the
bell for us at the New York Stock Exchange is
Asylum. Meanwhile, over Times Square at the NASDAQ
Oculus holding a G opening up the markets. They're
so Khloe, let's see how everything opened up portrayed
on this Wednesday. Yeah, Baker, let's take
a look at those major indices in the first few
moments of trading here on Wall Street. As you
can see the trend we've had all morning is a
flat open and that flat futures and we are seeing
a flat open as well. So the S and
P 500 just switched from slightly down to slightly up
. We have the dow pointing up ever so slightly
as well, just about 27 points and the NASDAQ
exactly flat here. You know, this is as
the markets and investors await the decision from the fed
after it exits its two day policy setting meeting today
, widely expected as a 25 basis point rate hike
. That in spite of the volatility that we've seen
in regional banks following the collapse of Silicon Valley Bank
and signature banks, of course, related to that
rate hiking cycle which we've seen eight consecutive hikes since
last March. You know, those banks, part
of what precip their collapse was that they had invested
in long term treasury bonds at a lower interest rate
. So when those rates hiked, you know,
that caused a crisis for them, you know,
there has been some optimism returning to that sector.
As of course, investors are looking at what they
perceived to be the end of the rate hike cycle
. However, there are quite a few other regional
banks that studies say could be potentially at risk.
Should we see other depositors go to remove their investments --> ?