The collapse of two US regional banks, Silicon Valley Bank and Signature Bank, may have spooked European stock markets by closing with losses, but on Wall Street stocks are holding on to gains as investors’ confidence in the plan grows as the hours pass. of the Biden administration.

“Americans need to be confident that the banking system is safe,” the US president said earlier today, adding that he would not take action to “protect” investors as “knowingly took a risk”. “When the risk doesn’t pay off, investors lose their money,” added the American president and analyzed the actions taken by the American government in order to protect the depositors of the two accounts.

At 21:00 the index Nasdaq Composite registered a rise of 1.27%, o S&P 500 was winning 0.62% and o Dow was up 0.41%.

The US government has been scrambling since the weekend after the collapse of Silicon Valley Bank and Signature Bank to prevent further fallout from the banking sector, which appears to be gradually paying off and investor confidence is returning. On the contrary, investors in Europe remain particularly worried after the losses recorded by the European stock markets, which closed with a big fall due to the fear of contagion of the crisis.