Subscribe
Business

Stocks drift higher; Banks gain as rates rise

By The Associated Press
Published
Add Washington Examiner on Google
Stocks drift higher; Banks gain as rates rise

Stocks are closing slightly higher, led by gains in the financial sector.

Banks including Bank of America and Morgan Stanley rose Tuesday as long-term interest rates moved higher. That gave banks the prospect of earning more money from making loans.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.

Tag:

Financial Markets Wall Street