Stock Market Update
28-Aug-24 11:25 ET
Bank stocks outperform despite index deterioration
Dow -37.56
at 41212.94,
Nasdaq -249.56
at 17505.25,
S&P -35.96
at 5589.84
[BRIEFING.COM] The market moved lower as mega caps and semiconductor shares extended early declines.
Bank stocks continue outperform, though, leading the SPDR S&P Bank ETF (KBE) to trade 1.2% higher and the SPDR S&P Regional Banking ETF (KRE) to trade 1.1% higher.
Bank of Montreal (BMO 81.76, -1.53, -1.8%) is an exception in the space, trading 1.7% lower after shares were downgraded to Neutral from Buy at BofA Securities.
