3/24, 9:00 PM (Source: TeleTrader)
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US closes higher as banking sector tensions ease

New York stock exchanges wrapped up the final trading session of the week above the flatline, as tensions around the banking sector, now triggerred by over-the-Atlantic saga, seemingly eased after St. Louis Fed President James Bullard reaffirmed that the country's banking sector remains resilient despite recent tremors.

The investors also apperead to be encouraged by the recent report on the country's private sector activity which accelerated at the fastest rate in almost a year despite recent monetary tightening.

The Dow Jones Industrial Average rose 0.41% or 132 points with Amgen Inc. going up by 2.11%. The Nasdaq 100 climbed 0.30% and the S&P 500 gained 0.56% as Activision Blizzard surged 5.91%.

The euro fell 0.69% against the dollar, to sell at $1.07578 at 3:55 pm ET.

Baha Breaking News (BBN) / AB