Friday, July 12, 2024
Home News US stocks ends higher after Janet Yellen’s reassurance on bank deposits

US stocks ends higher after Janet Yellen’s reassurance on bank deposits


US Treasury Secretary Janet Yellen assured that steps would be taken to keep deposits in banks safe.

The S&P 500 was up 0.28% at 3,948.09. The Dow Jones Industrial Average rose 0.21% to 32,096.19. The Nasdaq Composite closed up 1.00% at 11,786.81.

US stocks

US Treasury yields fell sharply on expectations of a rate cut by the Fed later this year.

U.S. Dollar

The US dollar fell for a sixth day in a row on Thursday as Europe’s central banks followed the Federal Reserve in raising interest rates.

The US Federal Reserve on Wednesday hiked its interest rates by 25 basis points (bps).

european shares

European shares led by banks fell on Thursday after the central banks of Britain, Switzerland and Norway raised rates to curb inflation.

The pan-European STOXX 600 index slipped 0.21%. The European Banking Index slipped 2.4%.

The Swiss National Bank on Thursday hiked the key rate by 50 basis points, while the Bank of England hiked its rate by 25 bps. Norway’s central bank also raised its rate by a quarter point.

Britain’s FTSE 100 fell 0.9% to close at 7,499.60.

Germany’s DAX was flat. France’s CAC 40 rose 0.1% to close at 7,139.25.

Asian Stocks

Asian shares climbed on Thursday, with MSCI’s broadest index of Asia-Pacific shares outside Japan rising 1% to touch a two-week high of 515.62.

China’s blue-chip CSI 300 index rose 0.6% and the Shanghai Composite index rose 0.8%. Hong Kong’s Hang Seng index jumped 1.5%. South Korea’s benchmark Kospi closed with a gain of 0.31%. India’s 30-share BSE Sensex closed 0.50% down at 57,925.28.

Japan’s Nikkei fell 0.22%. Australia’s S&P/ASX 200 index lost 0.61%.


Gold prices edged higher on Thursday as Treasury yields fell after the US Fed indicated it would pause rate-hikes.

Spot gold was up 1.2% at $1,993.09 an ounce at 2:59 p.m. ET (1859 GMT). US gold futures jumped 2.4% to close at $1,995.9


Markets end FY23 in style; Sensex Nifty rally nearly 2% on firm global trends

Market, The final day of the fiscal year 2022-23 saw gains for benchmark indices, with a gain of nearly 2% on Friday, extending gains for...

Day trading guide for today: 6 stocks to buy or sell on Friday — 31st March

Trading, Day trading guide for today: Indian shares gained on Wednesday as global markets' increased risk appetite was aided by easing in the banking industry....

Financial, IT stocks aid Indian shares snap three-month losing streak

Financial, By Bharat Rajeshwaran BENGALURU (Reuters) - Indian shares rose on Friday, supported by a higher weighting of financial stocks and information technology (IT) stocks,...


Please enter your comment!
Please enter your name here


Most Popular

Trading the Inside Bar Pattern on Pocket Option Platform

Inside Bar Pattern Introduction Price movement on a chart is examined in price action trading. You may use candlesticks to predict where prices will move...

“Unlocking the Secrets: 4 Tricks of Successful Traders on Pocket Option Platform”

For a year, I have been trading on the Pocket Option platform. I sometimes succeed and sometimes fail. However, I was confident that if...

Identifying Mistakes That Lead to Losses on Pocket Option

Why do people lose their money when trading binary options New traders frequently take a significant financial risk while trading binary options. As a result,...

Weekly Income Plan on Pocket Option Platform”

Get weekly returns on Pocket Option It turned out that October was a terrific month for me. I am still able to generate money every...

Recent Comments