Stock Market Update
06-Nov-24 15:00 ET
Regional banks stocks soaring
Dow +1444.36
at 43666.24,
Nasdaq +526.40
at 18965.57,
S&P +140.50
at 5923.26
[BRIEFING.COM] The stock market remains grounded in its rally effort, as the major indices continue to hold near their highs for the session.
The regional bank stocks comprise one of today's best-performing areas. The SPDR S&P Regional Banking ETF (KRE) is up 12.5%. There is some chasing action in that trade, and in many other trades today that are benefitting from momentum action tied to the election outcome.
Small-cap stocks are a popular play in that regard, as is Tesla (TSLA 288.92, +37.48, +14.9%), which is leveraging Elon Musk's strong support of president-elect Trump.
