And welcome back everyone to wake up a chat with Chloe
and Baker.
And you hear it stocks officially open for trade, ringing the bell,
the New York Stock Exchange and the lay of shipping.
Meanwhile, over the NASDAQ World Women Foundation ringing the bell over there.
So Chloe,
let's see how markets officially open for trade
on this final trading day of the week.
Yeah, Baker looks good to those major industries taking a look.
We got green across the board here. The dow opening up about 122 point,
the green.
We got the S and P 500 opening up about 3/10 of a
percent here and the NASDAQ opening up almost 2/10 of a percent.
There's a number of things driving optimism in the markets.
Today,
we've been talking about personal consumption expenditures which measures the
cost of goods and services that consumers are spending.
Also a really key indicator of inflation that
the FED looks at to assess monetary policy.
We're actually seeing a deceleration in those
numbers which excludes the cost of food and fuel climbing 0.3% month
over month for February and 4.6% year over year for February coming
in softer than the industry was expected and representing a deceleration from
the month before same with PC including food and fuel as well.
I want to mention as well that we did.
We are seeing some optimism coming from the regional banking
sector investors believing that that the worst has possibly passed.
We did see some concerns for First Republic Bank
earlier but those shares even have rallied as well.
I do want to mention that with these indices on track to end the day in the green.
It's the final trading day of the month, end of the quarter here.
So we have all three major indices set to end the week and month in the green.
We also have the S and P 500 on track to end the quarter in the green as well.