This is the Stock That Drives Wall Street's Strengthening!


Global stocks continued to find support for gains on Thursday as positive sentiment continued to support risk assets.

On Wall Street, stocks were boosted by gains in technology stocks, but regional bank equities were under pressure after President Joe Biden's administration proposed stronger measures to help reduce risks.

The Dow Jones Industrial Average rose 0.43% to 32,859.04. While the S&P 500 rose 0.57% to 4,050.82 and the Nasdaq jumped 0.91% to 12,963.14.

The US30 index strengthened at around 32,903.50 during the Asian trading session.

Apple Inc, Inc, Microsoft Corp were among the biggest movers in the tech giant's shares, but Alphabet (Google) differed by recording a 0.5% decline.

Those surges have helped the Nasdaq to reach seven-month highs.

Overall, the US stock market is still strong despite the disappointing gross domestic product (GDP) report.

The data showed that the US economy grew 2.6% in the fourth quarter of 2022, compared to expectations to increase 2.7%.

However, as the market is in its last day of trading this week, March and the first quarter of 2023, investors remain cautious of any profit taking activities.