Stocks were mixed today, as the unemployment rate jumped to 8.1%. The KBW Banking Index fell 1.85% while the KBW Regional Banking Index rose 0.23%. The broader S&P 500 Index was up 0.12%.
Bank stocks led the market lower today, as the KBW Banking Index fell 11.81% and the KBW Regional Banking Index fell 9.86%. The broader S&P 500 Index was down 4.25%.
Bank stocks declined today, while the broader market was up. The KBW Banking Index fell 3.28% and the KBW Regional Banking Index fell 0.09%. The broader S&P 500 Index was up 2.38%.
Bank stocks declined today, as the KBW Banking Index fell 1.64% and the KBW Regional Banking Index fell 4.71%. The broader S&P 500 Index was down 0.64%.
Stocks declined sharply today, with the KBW Banking Index falling 6.42% and the KBW Regional Banking Index down 4.37%. The S&P 500 Index was down 4.66%.
Bank stocks led the market lower today after Citigroup agreed to convert preferred stock held by the government into common shares. The market was also impacted by a report that GDP fell an annualized 6.2% at the end of last year, a larger decline than expected.
Bank stocks outpaced the market today, as the KBW Banking Index rose 4.83% and the KBW Regional Banking Index rose 3.02%. The broader S&P 500 Index fell 1.58%.