The losses were contained as some investors bet the financial shock could cause the Federal Reserve to pause interest rate hikes. act as a circuit breaker, preventing trouble at one institution from inflecting the whole industry; 2) the Sunday night actions taken by the Fed, FDIC, and Treasury provided reassurances to regional bank depositors (although not regional bank shareholders); and 3) the plunge in yields provides a huge tailwind for equity valuations," he said. Stock futures opened higher on Sunday evening as investors awaited details on the next steps in the Silicon Valley Bank crisis