Stocks rose sharply on Thursday after President Donald Trump clarified his position on a possible missile attack in Syria, while bank shares popped ahead of earnings.
The Dow Jones industrial average gained 293 points, with Intel leading the index higher. The S&P 500 rose 0.8 percent as financials gained 1.8 percent. The Nasdaq composite advanced 1 percent.
Bank shares led the gains, with J.P. Morgan Chase, Citigroup and Goldman Sachs all climbing more than 2 percent. The SPDR S&P Bank ETF (KBE) jumped 1.8 percent ahead of strong earnings expected from the major banks and the broader financial sector. Earnings are expected to grow 24 percent for financials.
Source: Bloomberg Pro Terminal
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