Thursday, April 7, 2011

Financials (C) (BAC) (TRV) (JPM) (AXP) (GS) (WFC) All Close Up Wednesday

Shares of the major banks in the U.S. followed their overseas counterparts in getting a boost on Wednesday, as Bank of America Corp. (NYSE:BAC), Travelers Corp. (NYSE:TRV), JPMorgan (NYSE:JPM), American Express (NYSE:AXP), Citigroup (NYSE:C), Wells Fargo (NYSE:WFC) and Goldman Sachs (NYSE:GS) all closed up.

Foreign banks jumped on expectations the European central bank will raise rates Thursday.

All four financial components of the Dow Jones Industrial Average posted gains on Wednesday.

Nasdaq OMX Group (NDAQ) increased 3 percent and NYSE Euronext (NYX) added 1.8 percent.

Also finishing in the positive was the Financial Select Sector SPDR ETF (XLF), which tracks financial stocks in the S&P 500 index.

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