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US equities climbed for a second straight day Tuesday, with the tech-focused Nasdaq Composite ending near a five-week high, as jitters over bank instability eased. This as Treasury Secretary Yellen said that the US will continue to protect depositors past FDIC insurance thresholds should bank runs resurface. Investors are now preparing for the conclusion of the Federal Reserve’s interest-rates-setting meeting later today when a quarter-percentage-point increase appears likely. The Dow extended gains and closed 290 points higher, while the S&P 500 and the Nasdaq added 1.2% and 1.3%, respectively. In Europe, equity markets also closed higher for a second day, with the Euro Stoxx 50 up 1.5% lead by banks and autos.
Summary as at 22.03.2023
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