Optimism returns to exchanges after SVB purchase

Major U.S. and European stock indices moved into positive territory amid weakening fears about the banking crisis, showing a growth in the range of 2% as of the end of the day. Optimism and risk sentiment returned to players after last week's acquisition of part of the collapsed SVB by bank holding First Citizens. The data on incomplete residential real estate sales in the United States for February also had a positive influence - the index grew contrary to expectations, increasing by 0.8%. Analysts had predicted a 2.3% decline.

Meanwhile, Fairlead Strategies reports that its recommendation for the NASDAQ 100 index changed from "buy" to "sell," as signaled by the Tom DeMark Sequential indicator. This was the first time since the end of 2021, the company clarified. The sell signal comes when the shares of IT giants - Amazon, Alphabet, Apple and several others, together accounting for about 40% of the index - move from a rally to a decline.