On Wall Street, key indices ended mixed yesterday. With the S&P 500 closing nearly flat, Banking shares fell amid warnings of potential losses from a hedge fund's default on margin calls, while optimism over the economy limited the day's declines.
Shares of aircraft-maker Boeing rose after the company reached a deal with US budget carrier Southwest Airlines for a variant of the 737 MAX aircraft.
Meanwhile, Nomura and Credit Suisse are facing billions of dollars in losses after a US hedge fund, named by sources as Archegos Capital, defaulted on margin calls, putting investors on edge about, who else might have been caught out. So, shares of big US banks and even regional banks fell.
So, the Dow Jones Industrial Average rose 98 points, or 0.3 percent, to close at 33,171. But the S&P 500 lost 3 points, to end at 3,971 and the Nasdaq Composite dropped 79 points, to 13,060.
News On AIR | March 30, 2021 2:46 PM | Key indices ended mixed yesterday
Key indices ended mixed yesterday