Shares record slight advance; banks reverse liquidation

(Bloomberg) — A reversal in the plunge in bank shares that rocked markets early Friday sent stocks rallying amid assurances from policymakers about financial stability and growing speculation that central banks will have to stop raising rates to avoid a recession.

These are some of the main movements in the markets:

Actions

The S&P 500 rose 0.6% as of 4 pm New York timeThe Nasdaq 100 advanced 0.3%The Dow Jones Industrial Average rose 0.4%The MSCI World Index fell 0.2%

Foreign exchange

The Bloomberg Dollar Spot Index rose 0.4%The euro fell 0.7% to $1.0759The British pound fell 0.5% to $1.2227The Japanese yen was little changed at 130.76 to the dollar

cryptocurrencies

Bitcoin fell 1.7% to $27,846.95Ether fell 3% to $1,764.21

bonds

The yield on the 10-year Treasury fell six basis points to 3.37%The yield on Germany’s 10-year Treasury fell seven basis points to 2.13%The yield on the Great Britain 10-year declined eight basis points at 3.28%

Raw Materials

West Texas Intermediate crude fell 1.1% to $69.18 an ounceGold futures fell 0.8% to $1,997.70 an ounce

Nota Original:Stocks Eke Out Gains With Banks Reversing Selloff: Markets Wrap

–With the collaboration of John Viljoen, Vildana Hajric, Isabelle Lee, Peyton Forte, Angel Adegbesan, Carly Wanna and Emily Graffeo.

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