The Dow Jones gained 0.43% and the Nasdaq index gained 0.73%, while the S&P 500 index rose 0.57%, thus experiencing its fifth positive session in six trading days.
"We see calm returning to the market, as fears of banking contagion begin to fade into the background," said Angelo Kourkafas, an analyst at Edward Jones.
The end of the unrest is particularly visible in the bond market, which has returned to its moderate daily movements, after three weeks of turmoil.
The yield on 2-year US government bonds, one of the most volatile during the crisis, stood at 4.10%, compared to 4.09% the previous day at the close.
"The market remains driven by the technology sector and growth stocks that benefit from lower bond yields and expectations of an end to monetary tightening by the Fed" (US central bank), said Angelo Kourkafas.
In the wake of positive comments from Micron, which sees a better match between supply and demand for electronic chips, semiconductor manufacturers were once again celebrating. Rivals Intel (+1.81%), Qualcomm (+1.85%) and AMD (+1.86%) all advanced in similar proportions.
They were accompanied by several giant capitalizations, also technological, such as Microsoft (+1.26%), Amazon (+1.75%) or Nvidia (+1.48%).
However, "uncertainties remain", warns Angelo Kourkafas, in particular about the possible consequences of the banking tension on the real economy.
The anxiety has not disappeared on Wall Street, even if the VIX index, which measures market volatility, fell Thursday to its weakest level since the bankruptcy of Silicon Valley Bank in early March.
Several regional banks, closely scrutinized in recent weeks, have taken a shine, such as the Californian First Republic (-4.00%) and Pacwest (-4.36%), or Valley National (-3.63%), parent company of the Valley Bank network, headquartered in New Jersey.
Subject of unexplained speculative positions, the small New York regional institution Metropolitan Bank fell (-27.58%), despite the absence of news about the bank.
Still in the financial sector, asset manager Charles Schwab fell (-4.96%) after a downgrade of recommendation of Morgan Stanley analysts, who are worried about the results of the group, subject to significant withdrawals.
Manchester United advanced (+1.96%), after publishing a quarterly net profit (against a net loss for the same period of 2021), largely due to technical effects, with turnover down nearly 10% year-on-year.
The Chinese e-commerce platform JD.com was hailed (+7.82%) after the announcement of a project to list two of its subsidiaries on the Hong Kong Stock Exchange.
© 2023 AFP