Watch CBS News

Stocks close flat as investors react to First Republic Bank seizure

Name: Stocks close flat as investors react to First Republic Bank seizure
Uploaded: 2023-05-01T15:59:56-0400
Duration: 4 min 4 s
Description: Stocks closed flat Monday following the FDIC's seizure and sale of First Republic Bank. And the Fed is expected to make its latest decision on interest rates soon. CapWealth Chief Investment Officer Tim Pagliara joined CBS News to discuss what the developments mean for the market and economy going forward.

Stocks closed flat Monday following the FDIC's seizure and sale of First Republic Bank. And the Fed is expected to make its latest decision on interest rates soon. CapWealth Chief Investment Officer Tim Pagliara joined CBS News to discuss what the developments mean for the market and economy going forward.