Slowing inflation and damage from two major hurricanes may still weigh on the Fed as it considers future changes in short-term interest rates.
The Fed will start balance sheet reductions in October.
Johnson & Johnson had a very good acquisition
The damage from Hurricanes Harvey and Irma is unlikely to sway the Fed's plans for a December rate hike. But, the Fed's balance sheet remains in focus.
As the Fed readies to decide on a September rate hike and a move to unwind the balance sheet, bank stocks were rising.