Shares in U.S. banks tumbled on Tuesday as investors shrunk back from a post-election rally on worries that President Donald Trump would not be able to live up to his promises for large-scale relief on tax and regulation.
Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates, lighter regulation, lower taxes and faster economic growth would boost profits for lenders. | Video
NEW YORK Wall Street stock indexes and the U.S. dollar both posted gains for the week on Friday after Federal Reserve Chair Janet Yellen confirmed market expectations for an interest rate rise in March but profit taking saw equities and the greenback slip for the day.
NEW YORK Wall Street pulled back from Wednesday's records, led by financials, while the dollar traded at a seven-week high on positive U.S. data and growing expectations the Federal Reserve will soon raise interest rates.
NEW YORK U.S. Treasury yields rose along with the U.S. dollar and Wall Street rallied, lifting the Dow above 21,000, as investors increased bets on an imminent interest rate hike and gave a sigh of relief after President Donald Trump's speech to Congress. | Video
NEW YORK Stocks in major markets dipped and the Dow snapped a streak of records while longer-dated Treasury yields fell as investors prepared for President Donald Trump's Tuesday night address to a joint Congress session. | Video
NEW YORK Wall Street closed slightly higher on Monday and U.S. Treasury yields rose on hopes for rising rates and expectations for an infrastructure spending announcement in U.S. President Donald Trump's speech Tuesday night.
Shares in U.S. private prison operators CoreCivic Inc and Geo Group , already buoyed by hopes they would profit from a Republican administration, may rise further on immigration curbs and narrow a valuation gap with REIT peers.
NEW YORK Stock investors could have at least one less worry in the next earnings period: the suddenly limp U.S. dollar.