A climb in the Dow Jones Industrial Average on Tuesday was being supported predominantly by a rally in banks shares, Goldman Sachs Group and J.P. Morgan Chase & Co. in late afternoon trade. Combined, shares of the pair of bank giants were adding about 40 points to the the price-weighted Dow industrials . The blue-chip gauge was up 59 points, with Goldman and J.P. Morgan producing more than 70% of the heavy lifting. The broader stock market is on track for its fourth straight advance, coming after a tough stretch for stocks last week, highlighted by the worst decline in months on Wednesday. That drop was spurred by mounting doubts that President Donald Trump will be able to produce promises of tax cuts, a boost to infrastructure spending, and deregulation–factors which have vaulted equity benchmarks higher over the past several months. However, those proposals have come into question as Trump faces an FBI probe into his administration’s ties to Russia. Still, the broad uptrend appears to be intact, with the S&P 500 index up 0.3% at 2,400, reclaiming a level it was at prior to Wednesday’s rout, while the Nasdaq Composite Index was 0.1% higher at 6,139.
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