Major US stock indices experienced a strong day with significant gains across the board.

Major US stock indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Read this Term surged today, driven by increased confidence in the banking system and a boost in tech shares due to lower interest rates. The reassurance in the banking sector began when the Swiss National Bank Swiss National Bank The Swiss National Bank (SNB) is the central banking authority of Switzerland. It represents the country’s monetary policy as an independent central bank and acts in accordance with the interests of the country as a whole. The SNB’s primary goal is to ensure price stability, while taking due account of economic developments. In doing so, the central bank creates an appropriate environment for economic growth.One of the main functions of the bank is to ensure and implement monetary policy. The SN The Swiss National Bank (SNB) is the central banking authority of Switzerland. It represents the country’s monetary policy as an independent central bank and acts in accordance with the interests of the country as a whole. The SNB’s primary goal is to ensure price stability, while taking due account of economic developments. In doing so, the central bank creates an appropriate environment for economic growth.One of the main functions of the bank is to ensure and implement monetary policy. The SN Read this Term announced a 50 billion Swiss franc support package for Credit Suisse. Later in the US session, after Republic Bank's shares opened sharply lower on concerns of a bank run, leading banks stepped in and pledged to provide $30 billion in deposits to the bank.

Subsequently, the Federal Reserve stated that it would offer funds to eligible banks through the discount window if they faced any shortfalls. This intervention helped Republic Bank's shares rebound from a low of $19.80 to a high of $40. The stock closed at $34.38, up $3.22 or 10.33%. This series of supportive measures bolstered the overall market, leading to the impressive gains seen in today's session.

The surge in tech shares was fueled by expectations that the Federal Reserve is nearing the end of its rate tightening cycle. Although the Fed is likely to implement a 25 basis point hike next week, interest rates remain significantly lower than the highs seen last week. The two-year yield is trading at 4.161%, down from 5.05% last week, while the ten-year yield has dropped to 3.577% from 4.085%.

Tech giants like Nvidia and Microsoft experienced gains of 5.42% and 4.05%, respectively, contributing to the robust performance of the tech sector. The final numbers for the day are as follows:

• Dow Industrial Average: up 371.98 points or 1.17% at 32,246.54
• S&P Index: up 68.73 points or 1.76% at 3,960.29
• NASDAQ Index: up 283.23 points or 2.48% at 11,717.29

For the trading week, the NASDAQ is now up 5.19%, the S&P has risen by 2.56%, and the Dow Industrial Average has increased by 1.06%.