Investing.com | Author Liz Moyer
Published Mar 22, 2023 01:10PM ET
Updated Mar 22, 2023 01:24PM ET
By Liz Moyer
Investing.com -- Stocks were trading lower ahead of the Federal Reserve's decision on interest rates and its economic forecasts. Here are the midday movers for March 22.
First Republic Bank (NYSE:FRC) shares fell 3.5% after reports the bank hired more advisors as big banks consider a capital infusion. PacWest Bancorp (NASDAQ:PACW) shares fell 10% after the bank said it wouldn't try to raise capital and disclosed deposit outflows.
Petco Health and Wellness Company Inc (NASDAQ:WOOF) shares fell 13% after the pet product retailer gave a disappointing outlook for 2023 after a mixed fourth-quarter report.
Written By: Investing.com
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