Wall Street ends session in positive territory as regional banking scare eases
The New York Stock Exchange closed its session this Friday with the main indexes in positive territory.
The Dow Jones added 0.52% to 46,190.61 points, the S&P 500 gained 0.50% to 6,662.11 points, and the technological Nasdaq appreciated 0.52% to 22,679.98 points.
Wall Street's recovery this Friday is due to US President Donald Trump "calming" investor anxiety regarding the ongoing trade war with China. US Treasury Secretary Scott Bessent spoke with Chinese Vice Premier He Lifeng this Friday . Trump said in an interview with Fox News that he still plans to meet with his Chinese counterpart, Xi Jinping, "in a few weeks" when they are both in South Korea and now says that the current tariffs on China are unsustainable.
But also to the alleviation, at least partially, of concerns about regional banks ' credits .
This all comes after Zions Bancorp and Western Alliance announced they expect major losses on their accounts after two funds they lent more than $150 million to ran into financial difficulties.
The government shutdown continues to weigh on investor sentiment.
Today, Donald Trump welcomed Zelensky to the White House, but said that the "resentment" between Zelensky and Putin is the biggest obstacle to peace. However, he doesn't expect Tomahawks to be needed to bring Putin to the negotiating table. The Ukrainian president, however, continued to request missiles.
The euro fell against the dollar today to $1.1655.
jornaleconomico
