Stock Market Update

[BRIEFING.COM] The S&P 500 (+1.1%), Nasdaq Composite (+1.4%), and DJIA (+1.1%) steadily hold their healthy gains as the market enters the final hour of the session. 

The CBOE Volatility Index is down 2.2 points (-10.5%) at 18.6, after climbing past 25 last week. 

Regional banking names have seen some confidence further restored today after Zions Bancorp (ZION 51.77, +2.10, +4.23%) and Western Alliance Bancorp (WAL 75.07, +2.59, +3.57%) fell last Thursday after exposure to a countrparty both banks allege engaged in fraud.

The KBW Regional Bank ETF is up 2.3% today, and Zions Bancorp is set to report earnings after the close.