FILE PHOTO: A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in New York City, New York, U.S., January 3, 2019.
“The bank earnings were strong, but the market expected them to be strong,” said Christopher Grisanti, chief equity strategist at MAI Capital Management.
The S&P 500 financials sector was one of the best performers in the first quarter, rising 15% even as the Federal Reserve pledged to keep interest rates low in the near future.
The S&P 500 energy sector was the largest gainer among the 11 sub-indexes, jumping 3.1% as it tracked higher oil prices.
ET, the Dow Jones Industrial Average rose 121.26 points, or 0.36%, to 33,798.53; and the S&P 500 lost 7.62 points, or 0.18%, at 4,133.97.
Shannon Stapleton, Co’s, Wells, ”, Christopher Grisanti, Morgan, Wells Fargo, “, Drew Horter
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