SP 500 climbed above 4,000 on risk appetite improvement and rallying US bond yields SP500 DowJones Nasdaq Equities
avy-tech Nasdaq Composite. As the New York session ended, the S&P 500 gained 1.3%, 4,002.87, while the Dow Jones climbed 0.98%, 32,560.60. The Nasdaq Composite led the pack, up 1.58%, at 11,860.11.Investors had shrugged off the banking system’s woes. On Tuesday, the Secretary of Treasury Janet Yellen stated that if regulators perceive a potential run on the banking system, the federal government could intervene to safeguard depositors at more banks.
Aside from this, US Treasury bond yields jumped, with 2s and 10s gaining 18 and 12 basis points, respectively, ahead of tomorrow’s Federal Reserve’s decision. The US 2-year Treasury bond yield is 4.179%, while the 10-year rate is 3.607%. Traders focus shifted toward the US Federal Reserve monetary policy decision, with investors expecting a 25 bps rate hike by the Fed. However, tomorrow’s spotlight would be Fed Chair Jerome Powell’s press conference, which would be scrutinized by investors expecting Powell to deliver any forward guidance.
Sector-wise, Energy, Consumer Discretionary, and Financials led the pack, each up 3.45%, 2.71%, and 2.54%. Contrarily, Utilities, Real Estate, and Consumer Staples finished with losses of 2.05%, 0.66%, and 0.12%m respectively., a measure that tracks the buck’s value against a basket of six currencies, lost 0.09%, down at 103.214, after hitting a YTD low of 103.000.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Wall Street strengthens after big bank deal, regulator movesNEW YORK (AP) — Most of Wall Street is rising Monday after regulators pushed together two huge banks over the weekend and made other moves to build confidence in the struggling industry. The S&P 500 was 0.5% higher in morning trading.
Leer más »
Dow jumps 350 points after bank deals calm Wall Street jittersTraders have raised bets of the Fed likely hitting a pause on rate hikes on Wednesday to ensure financial stability.
Leer más »
Global banking turbulence prompts Wall Street banks to trim hawkish Fed betsGoldman Sachs is expecting a pause this week from the U.S. Federal Reserve after a year-long rate increase campaign as Wall Street banks scale back their hawkish expectations in the aftermath of the ongoing global banking turmoil.
Leer más »
Asia-Pacific markets to rise after Wall Street sees gains on optimism led by regional banksAsian markets trade higher as banks rally on the hopes that troubles in the U.S. and Europe are averted.
Leer más »
How middle managers on Wall Street go wrongInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Leer más »
First Republic Bank woes mount despite Wall Street rescueShares of First Republic Bank continued their free-fall despite a rare move by the biggest U.S. banks to pump $30 billion into the regional lender.
Leer más »