Wall Street ends session in positive

The New York stock exchange ends this Thursday’s session with gains, after the main banks announced the rescue of First Republic Bank, which caused a calm in the markets after troubled days.

The Dow Jones ended the session with an increase of 1.17% to 32,246.55 points, the S&P 500 corporate index advanced 1.76% to 3,960.28 points and the technological Nasdaq increased 2.48% to 11,717.28 points.

First Republic Bank jumped 10%, which helped boost broader finance by more than 2%, while major Wall Street banks including Goldman Sachs, Morgan Stanley, JPMorgan Chase, Citigroup and others pumped billions in deposits into the bank.

This calm in the banking sector after days of turmoil has restored investors’ bets that the Fed will introduce new interest rate hikes over the next week.

The oil market is trading in the positive, with the Texan WTI rising 1.04%, setting the price of a barrel at USD 68.31 and Brent rising 1.33% to USD 74.67. Natural gas is also in the ‘green’, with an increase of 3.28% to 2,519 dollars.

On the foreign exchange market, the euro gained 0.37% against the dollar, settling at USD 1.0614.