Skip to Content
Midday Market Update

Banking Sector Leading Rally in U.S. Markets

Mentioned: , ,

U.S. Markets
All three major U.S. benchmarks were in the green Tuesday morning as surges in bank stocks led U.S. markets near record territory once again.

The Dow Jones Industrial Average hit a new intraday record of 19,987.63 on Tuesday, and the blue-chip index moved closer to reaching 20,000 before the new year commences. The Nasdaq Composite Index and S&P 500 were also up. With little economic data between now and the end of the year, the markets are unlikely to take any unexpected swings.

Milad Nourmohammadi does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.