Wall Street Turns Green, US30 Jumps Strong!


 The Wall Street market finished stronger on Wednesday, with all three major indexes up more than 1%.

Investors appear to be continuing to capitalize on news of an asset sale at Silicon Valley Bank (SVB), which has seen its shares trade again.

The Dow Jones Industrial gained 1.00% to 32,717.61. While the S&P 500 rose 1.42% to 4,027.80 and the Nasdaq jumped 1.87% to 12,846.03.

The US30 index bounced high at around 32,696 during the Asian trading session.

Strength in tech stocks led the Nasdaq to surge, with Amazon shares up nearly 3%, Apple, Nvidia, Microsoft, Meta Platform and Netflix up more than 1%.

Additionally, all 11 sectors in the S&P 500 were also in the green, with Micron and Intel the top gainers after each jumped more than 7%.

Micron forecast a decline in revenue in the third quarter, in line with Wall Street expectations.

However, it also provides bright prospects for 2025 supported by the development of artificial intelligence (AI).

Meanwhile in Europe, the pan-regional STOXX 600 index jumped 1.30%.

That was partly due to a rise in bank shares after UBS said it would re-appoint Sergio Ermotti to lead the Swiss bank following its takeover of Credit Suisse.