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Barchart
Barchart
Rich Asplund

Strength in Banks and Lower Bond Yields are Boosting Stocks

The S&P 500 Index ($SPX) (SPY) today is up +0.45%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.60%.  June E-mini S&P futures (ESM25) are up +0.42%, and June E-mini Nasdaq futures (NQM25) are up +0.58%. 

Stock indexes today are moderately higher, with the Dow Jones Industrials posting a 1-1/2 week high.   Bank stocks are climbing today to boost the broader market, led by a +3% jump in Bank of America after reporting better-than-expected Q1 net interest income.  Also, lower T-note yields today support stocks, with the 10-year T-note yield down -3.9 bp to 4.335%. 

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