Banks once again marched higher as investors cheered the latest indication that interest rates would rise from their ultralow levels. The Standard & Poor’s 500-stock index rose 10.18 points, or 0.5 percent, to 2,187.12. Investors hope banks will benefit from higher interest rates, faster economic growth and lighter regulation under President-elect Donald J. Trump. Bond yields rise when investors expect higher interest rates and inflation. Higher interest rates also mean a stronger dollar.

Source: New York Times November 17, 2016 14:54 UTC