Wall Street closed this Tuesday in green and the Dow Jones Industrialsits main indicator, rose a 0.98%thanks to investor optimism about the banking system, ahead of the interest rate decision that may be made on Wednesday Reserva Federal (Fed).
At the close of operations, the Dow Jones added 316.02 pointsuntil 32 mil 560.60 and the selective S&P 500 won a 1.30% o 51.30 wholeuntil four thousand 002.87.
For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, rose a 1.58% o 187.57 unitsuntil 11 mil 860.11.
It marks the first time that both the S&P 500 and the Dow have closed in the green for the second day in a row since Silicon Valley Bank collapsed less than two weeks ago.
Stocks of big US banks like JPMorgan Chase (2.69%)posted strong gains on Tuesday.
First Republic shares rose a 29.56%, after losing nearly half its value on Monday. Western Alliance and PacWest, two other midsize banks that have come under pressure, raised a 14.69% and a 18.68%respectively.
Treasury Secretary Janet Yellen said the government could step in to protect depositors at other banks if regulators see a risk of bankruptcy.
Tomorrow the Fed will announce its decision on the interest rate, after two days of meeting.
Some analysts have argued in recent days that the Fed may not raise rates this Wednesday to maintain its focus on financial stability.
However, federal funds futures show that investors now believe there is about an 83% chance that the central bank will raise interest rates in 0.25 percentage points for the second consecutive time, according to CME Group data.
The only sectors that closed in the red were public services, real estate and essential goods, with a drop in 2.05%he 0.66% and the 0.12%respectively.
While the biggest gains were for energy and non-essential goods, with a rise in the 3.45% and the 2.71% respectively.
Among the thirty Dow Jones stocks, the largest gains were for American Express (3.67%) y Nike (3,64%); while among the most disadvantaged of the day were Intel (-2.4%) and Amgen (-0.75%).
In other markets, Texas oil closed at $69.33 a barreland at the end of the trading session gold fell to thousand 943 dollars an ouncethe US ten-year bond yield rose to 3.59% and the dollar was losing ground against the euro, with a change of 1.0767.
Get the latest news in your email
Everything you need to know to start your day
Registering implies accepting the Terms and Conditions
Leave a Reply