American exchange market to close current week on an up note.
Good news for banking sector from FRS, along with growth of cyclical sector stocks, push indexes up today.
As at 7:45 p.m. (MSK), S&P500 index gained 0.85%, Dow Jones grew by nearly 0.75%, and NASDAQ technology index lost 0.5%.
American stock markets opened on Monday with a fairly good growth
S&P500 index and NASDAQ technology index reached new historical highs. Later, quite logically, the indexes somewhat dropped, and then were moving in different directions.
The key American stock indexes were growing on Friday except for Nasdaq hovering around zero
However, banks (Federal Reserve released results of stress tests) and real economy (approval of Biden’s infrastructure plan) were in focus rather than technologies.
American stock markets were recovering from the last week’s losses
Continuing verbal interventions by policymakers and major investors had calmed the market down regarding prospects of stimulus wrapping up by Federal Reserve. For how long?