Monday, the US stocks markets made a sharp rebound and closed higher led by financials after an up gradation of Goldman Sachs by Wall Street analyst Meredith Whitney, a day ahead of its quarterly earnings report.
Further the banking stocks also rallied after Meredith Whitney indicated that bank stocks have strong potential in the near-term. This sharp rally among the regional banks and diversified banks stocks has led the KBW Banking Index jumped 6.5%.
The Dow Jones Industrial Average (DJIA) surged by 185.16 points at 8,331.68, NASDAQ index gained 37.18 points to 1,793.21 and the S&P 500 (SPX) grew by 21.92 points to close at 901.05 points.
US light crude oil futures for August delivery closed at $59.70 per barrel marginally down by $0.19 on the New York Mercantile Exchange.
Gold futures for the month of August delivery finished the session at $922 per ounce up by 1% on the New York Mercantile Exchange.
Further the banking stocks also rallied after Meredith Whitney indicated that bank stocks have strong potential in the near-term. This sharp rally among the regional banks and diversified banks stocks has led the KBW Banking Index jumped 6.5%.
The Dow Jones Industrial Average (DJIA) surged by 185.16 points at 8,331.68, NASDAQ index gained 37.18 points to 1,793.21 and the S&P 500 (SPX) grew by 21.92 points to close at 901.05 points.
US light crude oil futures for August delivery closed at $59.70 per barrel marginally down by $0.19 on the New York Mercantile Exchange.
Gold futures for the month of August delivery finished the session at $922 per ounce up by 1% on the New York Mercantile Exchange.
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