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Banks Butter Up Stocks

Stock quotes in this article: ^GSPC , ^DJI , ^IXIC , BAC , JPM , GS , NVLS  

Updated with Treasuries, stock and commodity prices.

Banks led the major indices more than 2% higher Monday as Wall Street prepared for an onset of second-quarter earnings.

The Dow Jones Industrial Average was up 184.16 points, or 2.3%, at 8331.68, while the S&P 500 tacked on 21.92 points, or 2.5%, to 901.05. The Nasdaq Composite gained 37.18 points, or 2.1%, to 1793.21.

Financials rallied, with the KBW Bank index rising 6.5% after Meredith Whitney Advisory Group upgraded Goldman Sachs(GS Quote) to buy. Bank of America(BAC Quote) and JPMorgan Chase(JPM Quote) rose 8.3% and 6.4%, respectively, on the Dow. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,405.83 1,102.35 2,190.86 34.82
Oil *
71.98
UP
68.78
UP
6.41
UP
7.13
UP
0.59
10 Yr
3.48%
SPDR Gold
110.82
+0.67%
+0.58%
+0.33%
+1.72%
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