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Bank rally helps Wall Street as investors await strong earnings

Reuters 

By Sruthi Shankar(Reuters) - U.S. stocks rose on Monday, with banks and industrial stocks driving a third day of gains on Wall Street as investors looked ahead to a strong quarterly earnings season, setting aside trade concerns.Bank stocks were the biggest gainers, with the S&P banks index rising 2.4 percent, on track for its biggest percentage gain in over three months, helped by a rise in U.S. yields. JPMorgan, Wells Fargo and Citigroup are scheduled to report on Friday, kicking off the second quarter earnings season in earnest."The market is anticipating a very good earnings season and ...

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First Published: Mon, July 09 2018. 22:58 IST
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