Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Bank stock indexes were moving higher on Wednesday to mark their sixth straight day of gains, as bond yields eased back. The SPDR S&P Bank ETF KBE, +0.60% was up 0.7% and is trading at its highest level since Sept. 19, according to Dow Jones Market Data. The six-day rise for the index marks its longest winning streak since Aug.
16, 2022, when it rose for six straight trading days. Meanwhile, the KBW Nasdaq Bank Index BKX, +0.30% was up by 0.4%. The SPDR S&P Regional Banking ETF KRE, +0.67% was up by 0.9%. The Financial Select SPDR ETF XLF, +0.23% was up by 0.5%. Among individual names, shares of Bank of America Corp. BAC, +0.29% were up by 0.6%, Citigroup Inc. C, +0.84% was up by 1% and JPMorgan Chase & Co. JPM, +0.46% was up by 0.7%.
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