Wall Street Opens Mixed on Bank Fears, Rate-Hike Pause Hopes

Wall Street Opens Mixed on Bank Fears, Rate-Hike Pause Hopes
A screen displays The Dow Jones Industrial Average (DJI) on the trading floor at the New York Stock Exchange (NYSE) after the markets closed in New York City on March 17, 2023. (Andrew Kelly/Reuters)
Reuters
3/20/2023
Updated:
3/20/2023

Wall Street’s main indexes opened mixed on Monday as investors weighed a state-backed takeover of Credit Suisse and the odds of the Federal Reserve keeping interest rates unchanged this week.

The Dow Jones Industrial Average rose 10.35 points, or 0.03 percent, at the open to 31,872.33. The S&P 500 opened higher by 0.83 points, or 0.02 percent, at 3,917.47, while the Nasdaq Composite dropped 16.13 points, or 0.14 percent, to 11,614.39 at the opening bell.