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Market recap: Stocks exploded higher after JPMorgan announced a dividend hike and buyback,...

Market recap: Stocks exploded higher after JPMorgan announced a dividend hike and buyback, likely the start of a chain reaction among banks as the Fed serves up stress test results. It was a nice day to own financials: JPM +7.3%, C +6.3%, BAC +6.3%, WFC +5.8%. Treasurys extended losses, pushing long-term yields to their highest since October. NYSE gainers led losers more than three to one.
Comments (2)
  • garysund
    , contributor
    Comments (180) | Send Message
     
    This is just a preview of things yet to come in the financials. They are still beaten up and prices are low...but not for too much longer.
    13 Mar 2012, 04:29 PM Reply Like
  • Bagman56
    , contributor
    Comments (4) | Send Message
     
    Its the traders that push the market up, Investors are more wait and see approach...Hope the little guy makes some money in this market...
    13 Mar 2012, 08:31 PM Reply Like
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