Bank shares surged while tech and dividend stocks fell Monday, leaving major U.S. indexes little changed after their election-week rally. Bank shares continued their recent rally. Bank stocks also benefited from bets that Mr. Trump would scale back on regulation. Photo: Associated PressThe KBW Nasdaq Bank index of large U.S. commercial lenders jumped 2%. “It’s very negative for fixed income across the board.”The Stoxx Europe 600 index pared earlier gains and was recently up 0.2%, with bank stocks leading the rise.
Source: Wall Street Journal November 14, 2016 08:34 UTC