U.S. Financial and Major Bank Stocks Rally, Outperforming the Market
Deep News
Jan 05
Financial stocks experienced a broad-based rally on Monday, with gains surpassing the broader market, as a key bank stock index hit a record high.
The KBW Bank Index climbed 2.8%, reaching a record intraday high.
Among individual stocks: Goldman Sachs surged as much as 4.5%, Citigroup advanced 3.6%, and Bank of New York Mellon rose 3.6%.
The S&P 500 Financials Index increased by 2.3%, also setting a new intraday record high.
Key movers included: Coinbase, which jumped 7.8%, Moody's, up 5.4%, and KKR, gaining 4.5%.
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