This morning (PST), all three major US indices are in the green. The banking system fears seem to have subsided for now as Treasury Secretary stated that government was ready to provide support should the banking system require it. First Republic bank stock also was in the green perhaps because of the news that JPMorgan would be its advisor to get through current situation. Investors are perhaps optimistic about tomorrow's rate hike decision and commentary by Federal Reserve Chairman about current banking situation and economy in general.
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