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Wall Street rises with the support of banks and technology giants

US stocks closed higher on Monday, supported by gains in banks and a recovery in the shares of major technology companies that lead the market, following the longest streak of weekly losses on Wall Street in more than 20 years.
The three major indices of US stocks recorded strong gains, and the biggest boost came from the recovery of technology shares and growth stocks, led by Apple and Microsoft.
Interest rate sensitive banks were among the gainers after JPMorgan Chase & Co., the largest US bank, raised its interest income forecast for the current year.
And last Friday, the Standard & Poor’s 500 index closed down 18.7 percent from the record high closing level it reached on the third of January.
And shook the markets in the past few weeks fears about the persistence of high inflation and the active attempts of the Federal Reserve to curb it, while the global economy seeks to overcome the repercussions of the Russian invasion of Ukraine.
The benchmark Standard & Poor’s 500 index ended the trading session up 71.46 points, or 1.83 percent, to 3,972.82 points, while the Nasdaq Composite Index rose 182.40 points, or 1.61 percent, to close at 11,531.91 points.
The Dow Jones Industrial Average closed up 625.10 points, or 2.00 percent, to 31,887.00 points.
(Reuters)

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