Wall Street closed this mixed Monday and the Dow Jones Industrialsits main indicator, rose a 0.60% promoted by the banking sector after learning that First Citizens bought a large part of the assets of the intervened Silicon Valley Bank (SVB).
At the close of operations, the Dow Jones added 194.55 pointsuntil 32 thousand 432.08 unitsand the selective S&P 500 added a 0.16% o 6.54 integersuntil three thousand 977.53 points.
The composite index of the Nasdaq market, in which the main technology companies are listed, ended in red with a decrease of 0.47% o 55.12 unitsuntil 11 thousand 768.84 integers.
The New York stock market was more optimistic at the beginning of the day than at the end, but the financial sector was clearly one of the winners as fears of a banking crisis dissipated.
First Citizens agreed Monday to buy some 72 billion dollars in SVB assets, although some 90 billion remain in judicial administration at the disposal of the Federal Deposit Insurance Corporation (FDIC).
On the other hand, investors were relieved to hear about the possible expansion of an emergency loan program for banks and about the slowdown in the flow of capital from small banks to large ones in recent days.
First Citizens shot up nearly a 54% and stood out among a group of regional banks that have come under pressure following SVB’s intervention on March 10, including First Republic (12%), PacWest (3.5%) y Western Alliance (3%).
By sectors, the largest gains were for energy companies (2.1%)followed by financial (1.4%) and industrial (0.82%)while those of communications ended in red (-1.08%)technology (-0.85%) and real estate (-0.36%).
Among the 30 Dow Jones stocks, they led gains IBM (3.26%), JPMorgan (2.92%) and American Express (2.07%), with the losers being Nike (-2.41%), Microsoft (-1.49%) and Apple (-1.23%).
Outside of that group, Coinbase fell a 7.8% after the authorities of USA accused Binance, the largest cryptocurrency exchange platform, and its founder, of violating regulations, which also led to a decline in the value of bitcoin, which lost the level of the 27 thousand dollars.
In other markets, Texas oil closed at $72.81 a barreland at the end of the trading session the yield on the 10-year US bond rose to 3.541%gold yielded to mil 958.1 dollars an ounce, and the dollar was losing ground against the euro, with a change of 1.0797.
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