Wall Street closes with gains as major banks prop up Regional Bank

new York On Wall Street, prices have recovered after positive signals from the banking sector, which has recently been under pressure. The Dow Jones index of standard values ​​closed on Thursday after a weak start with a plus of 1.2 percent and came to 32,246 points. The broader S&P 500 gained 1.8 percent to 3,960 jobs. The tech-heavy Nasdaq advanced 2.5 percent to 11,717 points.

Investors were encouraged by the fact that a total of 11 banks came to the rescue of the ailing regional bank First Republic. According to the US Treasury Department and the Federal Reserve Bank, the financial institutions supported the First Republic with deposits totaling $30 billion. From the point of view of the ministry and the Fed, this showed the resilience of the US banking system.

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Further

Read on now

Get access to this and every other article in the

web and in our app.

Further

source site-11