The closing debt ceiling negotiations for US stocks are now dawning! The three major indices rose more than 1%, the regional bank index surged more than 7%, and Tesla rose more than 4%

$S&P 500 Index(.SPX.US)$ It closed up 48.87 points, or 1.19%, to 4158.77 points. $Dow Jones Industrial Average(.DJI.US)$ It closed up 408.63 points, or 1.24%, to 33420.77 points. $Nasdaq Composite Index(.IXIC.US)$ It closed up 157.51 points, or 1.28%, to 12500.57 points. $Invesco QQQ Trust(QQQ.US)$ Increased by 1.2%, $Ishares Russell 2000 Value Etf(IWN.US)$ Small-cap stocks rose 2.82%.

US stocks rose more than 1%, the Dow rose more than 400 points, and small-cap stocks rose more than 2%, leading the way. The NASDAQ declined at the beginning of the session

The 11 S&P sectors generally rose. $Consumer Discretionary Select Sector SPDR Fund(XLY.US)$ 、 $Financial Select Sector SPDR Fund(XLF.US)$ Both increased by more than 2%. $Energy Select Sector SPDR Fund(XLE.US)$ An increase of nearly 2%, $Industrial Select Sector SPDR Fund(XLI.US)$ 、 $Real Estate Select Sector Spdr Fund (The)(XLRE.US)$ 、 $The Technology Select Sector SPDR® Fund(XLK.US)$ 、 $The Communication Services Select Sector SPDR® Fund(XLC.US)$ Increased by more than 1%, defensive $Utilities Select Sector SPDR Fund(XLU.US)$ Then it fell 0.36% and had the worst performance.

Star technology stocks rose sharply. “metaverse” $Meta Platforms(META.US)$ It rose 1.5% to the highest level since May 1. $Apple(AAPL.US)$ After falling 1%, it turned up 0.4%. $Netflix(NFLX.US)$ An increase of nearly 2%, $Tesla(TSLA.US)$ The increase was more than 4% to the highest in a month. Among AI concept stocks, $Amazon(AMZN.US)$ It rose 1.9% and hit a new high for six and a half months. $Microsoft(MSFT.US)$ It rose 1% to a 16-month high. $Alphabet-A(GOOGL.US)$ The increase was more than 1%, reaching a new nine-month high.

Chip stocks are also generally rising. $PHLX Semiconductor Index(.SOX.US)$ It rose 2.5% to a five-week high. Yesterday's increase of more than 4% $Advanced Micro Devices(AMD.US)$ A further increase of more than 2%, setting a new high in more than nine months. $NVIDIA(NVDA.US)$ The increase was more than 3%, the highest in nearly 17 months since December 2021, but $Intel(INTC.US)$ Another drop of more than 1%.

Most AI concept stocks rebounded. $C3.ai(AI.US)$ It rose by more than 14%, recovering all declines since April 4 to the highest level in six weeks; $BigBear.ai Holdings(BBAI.US)$ It turned down 0.4%, breaking a new low of nearly six weeks; $SoundHound AI(SOUN.US)$ It rose nearly 10%, breaking away from its lowest level in two weeks.

Bank stock indices rebounded sharply, all the highest since May 1. Industry Benchmark Philadelphia Stock Exchange $KBW Nasdaq Bank Index(.BKX.US)$ The increase was more than 5%. May 4 was the lowest since October 2020. The KBW Nasdaq Regional Banking Index (KRX), which fell nearly 2% yesterday, rose more than 7%, hitting its lowest level since November 2020 last Thursday; $Spdr Series Trust S&P Regional Bkg Etf(KRE.US)$ The increase was more than 7%, and on May 4, it was the lowest since October 2020.

Among the “Big Four US Banks,” $JPMorgan(JPM.US)$ An increase of 3%, $Citigroup(C.US)$ with $Bank of America(BAC.US)$ An increase of about 4%, $Wells Fargo & Co(WFC.US)$ An increase of more than 5%. Among regional banks, the ones that fell by more than 14% yesterday $PacWest Bancorp(PACW.US)$ An increase of more than 21%, $Western Alliance Bancorp(WAL.US)$ It rose by more than 10%, the highest since four consecutive days until May 1. $Zions Bancorp(ZION.US)$ Up 12%.

The former CEO of First Republic Bank said that the supervisory authority did not share data with potential buyers until April 24; the collapse of First Republic Bank was due to the spread of fear over the banking industry.

DisneyAccording to the CFO, the “Disney+” business will soon reach a balance of payments; the American Screenwriters Association (WGA) strike may affect the company's cash spending this fiscal year.

The Credit Derivatives Resolution Committee (CDDC), which oversees and manages the credit default swap (CDS) market, stated that Credit Suisse Group's full write-down of additional Tier 1 capital (AT1) bonds will not trigger CDS payments. According to an announcement on its official website, the CDDC ruled at a meeting on Wednesday that Credit Suisse's write-down of AT1 bonds will not cause CDS related to the bank's subordinated bonds to trigger payouts. The committee believes that AT1 bonds are paid in the order of payment after subprime debt, which is the subject of CDS.