US markets rebound as bank, tech stocks improve
Major US stock markets turned to gains on Thursday as the banking sector improved its performance. Earlier, it was known that Credit Suisse was going to be saved by the Swiss National Bank, which will provide up to 50 billion Swiss francs to support its recovery.
Also, during the session, it was learned that JPMorgan and Morgan Stanley are currently in talks to stabilize First Republic Bank, another institution that has been hit but the most recent headwinds in the banking sector. In addition, technology stocks are performing better than expected, possibly due to Adobe's strong results in its last quarter.
The Dow Jones gained 0.09% at 11:06 am ET, while the Nasdaq 100 added 0.98%, and the S&P 500 rose 0.48%. The euro improved by 0.16% against the dollar at 11:05 am ET, selling for $1.05943.