trending Market Intelligence /marketintelligence/en/news-insights/trending/l0nu_i3ezrsqftjlzjkfbw2 content esgSubNav
In This List

Thursday's Bank Stocks: Markets end quarter's final trading day in the green

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.

Blog

Banking Essentials Newsletter: 17th April Edition


Thursday's Bank Stocks: Markets end quarter's final trading day in the green

Following a week of volatility, U.S. markets rallied Thursday, March 29, ending the quarter's final trading day in the green.

The technology sector rebounded, pushing broader markets higher. The Dow Jones Industrial Average expanded 1.07% to 24,103.11, the S&P 500 grew 1.38% to 2,640.87 and the Nasdaq Composite Index added 1.64% to 7,063.44.

Doug Roberts, chief investment officer at Channel Capital Research said investors may be realizing their concerns over trade wars and the technology sector earlier in the week were overblown.

"It's one of those cycles where [investors] alternate between euphoria and despair, and back to euphoria again." Roberts said. "You're probably going to see volatility is more of the norm than the exception."

The nation's largest banks made gains Thursday, as Bank of America Corp. rose 2.04% to $29.99, Citigroup Inc. gained 1.16% to $69.05, JPMorgan Chase & Co. increased 1.82% to $109.97 and Wells Fargo & Co. added 1.81% to $52.41.

Among notable movers, SVB Financial Group tacked on 1.78% to $240.01, Texas Capital Bancshares Inc. improved 1.64% to $89.90, Wintrust Financial Corp. grew 1.98% to $86.05 and MainSource Financial Group Inc. rose 2.81% to $40.65.

S&P Dow Jones Indices, S&P Global Market Intelligence and S&P Capital IQ are owned by S&P Global Inc.

Market prices and index values are current as of the time of publication and are subject to change.