The mood on the markets has improved again after the turbulence in the banking sector. But the crisis is casting a long shadow.
new York Panic? What panic? The storm that swept America’s banking landscape has passed. That is the good news. Shares of banks big and small were up Thursday in early trading on Wall Street, as were major indices. Overall, the mood on the markets was significantly better again. The Dax closed with a gain of 1.3 percent at 15,522 points.
At the start of trading in New York, the leading index Dow Jones was up 0.6 percent, the broad S&P 500 rose 0.7 percent, and the technology-heavy Nasdaq rose 0.8 percent. The price dip triggered by the collapse of the Silicon Valley Bank (SVB) has been leveled out and the “bulls” dare to come out of cover again.
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