Wall Street edges up despite pressures on banking sector

2023-06-06 15:13PM UTC

US stock indices rose mildly on Tuesday amid pressures on the US banking sector while investors following the yields on US treasury bonds.


Several banks registered losses after reports that regulators are considering a tightening of capital requirements in major banks. 


Allianz chieft economist Muhammad Al-Aryan said that while concerns about a US debt default have subsided, markets now are looking forward to the Fed's efforts to contain inflation.


Despite risks surrounding high interest rates in the last 15 months, the tech sector was particularly brilliant amid the AI industry boom.


On trading, Dow Jones rose 0.1%, or 18 points as of 16:12 GMT to 33,585, as S&P 500 rose 0.2%, or 9 points to 4,283, as NASDAQ climbed 0.3%, or 41 points to 13,270. 

American Markets News

Americas News


Wall Street climbs as the week opens up
2024-06-17 16:30PM UTC
US stock indices rose on Monday ahead of important data, and before an official holiday this ...
Americas News


US stock indices head lower after data
2024-06-13 16:51PM UTC
Most US stock indices declined on Thursday after the release of important data, while markets ...
Americas News


NASDAQ surges to fresh record highs before Fed's decisions
2024-06-12 16:15PM UTC
US stock indices rose on Wednesday, with both the NASDAQ and S&P 500 hitting fresh record highs ...