US stock indexes are showing growth following the results of Wednesday's trading amid easing concerns about the situation in the banking sector. At the same time, the S&P 500 index reached a maximum in three weeks, including due to the growth of stock prices of technology companies. The Dow Jones Industrial Average increased by 323.35 points (1%) and reached 32717.6 points. The Standard & Poor's 500 rose by 56.54 points (1.4%) to 4,027.81 points during the day. The Nasdaq Composite index rose 210.16 points (1.8%) and ended yesterday's session at 11926.24 points. Representatives of the Federal Reserve System (FRS) note that the collapse of Silicon Valley Bank, most likely, will not entail long-term consequences and will become an isolated case. The main reason for the bank's bankruptcy, the Fed calls the incompetence of the SVB management in assessing the risks associated with interest rates and liquidity. Dynamics of shares of American companies JPMorgan Chase & Co.'s stock prices rose 0.2%, Goldman Sachs Group – 0.7%, Citigroup Inc. and Morgan Stanley – 1.6%, Bank of America Corp. – by 2% and Wells Fargo – by 2.1%. Securities of regional banks also rose in price, including First Citizens – by 2.8%, Zions Bancorporation – by 3.6%, M&T Bank – by 2.6%. Intel Corp. stock Price soared by 7.6%. Analysts note that the increase in quotations has reached 25.7% since the beginning of March, which may make this month the best for the company in 22 years. Papers of other chip manufacturers also rose in price: Micron Technology – by 7.2%, Nvidia Corp. – by 2.2% and Qualcomm Inc. – by 3.1%. Apple Inc. securities rose 2%, Microsoft Corp. – by 1.9%, shares of Salesforce Inc. rose 2.3%, Cisco Systems Inc. – by 1.55%. In addition, the shares of American Express Co. rose significantly – by 2.75%, Tesla – by 2.5% and Travelers Cos. – by 2.4%.
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