Bank stocks led the market lower today amid concerns that the “bad bank” plan is in trouble. The KBW Banking Index fell 3.88% and the KBW Regional Banking Index fell 3.32%. The broader S&P 500 Index was down 2.28%.
Stocks gave back most of yesterday’s gains today after disappointing economic reports on unemployment claims and new home sales were released. The KBW Banking Index fell 8.29% and the KBW Regional Banking Index fell 5.87%. The broader S&P 500 Index was down 3.31%.
Stocks soared today on hopes that the government will take loans off the hands of banks and move them to a new “bad bank” in order to repair the balance sheet of the banking industry. The KBW Banking Index rose 14.40% and the KBW Regional Banking Index rose 8.25%. The broader S&P 500 Index [...]
Banks led the market higher today following a positive earnings report by American Express. The KBW Banking Index rose 3.26% and the KBW Regional Banking Index rose 2.61%. The S&P 500 Index was up 1.09%.
Bank stocks declined today, as worries lingered about possible nationalization of the banking sector and dilution of bank shareholders by government capital infusions. The KBW Banking Index fell 3.02% and the KBW Regional Banking Index fell 1.55%. However, the broader S&P 500 Index was up 0.56%.
Bank stocks increased today, erasing a portion of yesterday’s losses. The KBW Banking Index rose 4.14% and the KBW Regional Banking Index rose 2.36%. The S&P 500 Index was up 0.54%.
Bank stocks declined sharply today, outpacing the rest of the market. The KBW Banking Index fell 5.92% and the KBW Regional Banking Index fell 6.61%. The broader S&P 500 Index was down 1.52%.