Stocks rallied today on optimism surrounding the government’s plan to shore up banks. The KBW Banking Index rose 1.80% and the KBW Regional Banking Index rose 2.15%. The broader S&P 500 Index was up 1.64%.
Stocks were mixed today due to uncertainty concerning the possible government plan to relieve banks and its impact on current bank shareholders. The KBW Banking Index fell 1.48% while the KBW Regional Banking Index was up 0.07%. The S&P 500 Index was down 0.75%.
Bank stocks declined today due to uncertainty surrounding the government’s plan to help the industry. The KBW Banking Index fell 5.15% and the KBW Regional Banking Index fell 2.45%. However, the broader S&P 500 Index was up 1.58%.
Bank stocks were mixed today, as the KBW Banking Index fell 0.70% but the KBW Regional Banking Index was up 0.28%. The broader S&P 500 Index was down 0.05%.