Stock Market Update
11-Jul-24 11:00 ET
Bank stocks outperform ahead of earnings
Dow +65.65
at 39787.01,
Nasdaq -179.23
at 18468.22,
S&P -20.56
at 5613.35
[BRIEFING.COM] The S&P 500 and Nasdaq Composite are still under pressure while the underlying market shows strength.
Bank stocks are outperforming the broader market ahead of earnings results from big banks in front of Friday's open. The SPDR S&P Bank ETF (KBE) is trading 3.0% higher and the SPDR S&P Regional Banking ETF (KRE) sports a 3.5% gain.
JPMorgan Chase (JPM 207.51, -0.31, -0.1%) and Citigroup (C 65.86, -1.12, -1.7%) are exceptions from the space ahead of their quarterly results. Citigroup is down after U.S. regulators fined the company $136 million for failing to make adequate progress on fixing data issues, according to Reuters.
