Stock Market Update

[BRIEFING.COM] There hasn't been much up or down action at the index level in recent trading. The S&P 500 trades 0.1% higher than yesterday.

Buyers continue to favor bank stocks due to the view that the industry will benefit from the incoming administration. The SPDR S&P Bank ETF (KBE) sports a 1.2% gain today, bringing its post-election gain to 12.5%. The SPDR S&P Regional Banking ETF (KRE) trades 1.6% higher today, bringing its post-election gain to 14.3%. 

The S&P 500 financial sector is among the top performers today, up 0.6% from yesterday. The sector is 7.1% higher than last Tuesday's close in front of the election results.