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Friday's Bank Stocks: Equities trade up as G-7 summit begins

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Friday's Bank Stocks: Equities trade up as G-7 summit begins

Equities traded up on June 8 as President Donald Trump headed to the G-7 summit in Canada, as concerns over a trade war continue to heat up. Trump tweeted June 8 that in addition to addressing "unfair" trade, he is continuing to focus on the scheduled meeting with North Korean leadership next week in Singapore.

The Dow Jones Industrial Average added 0.30% to 25,316.53, the S&P 500 increased 0.31% to 2,779.03 and the Nasdaq Composite Index rose 0.14% to 7,645.51.

Banks stocks had also broadly moved up at market close, as the KBW Nasdaq Bank Index added 0.21% to $110.00 and the KBW Nasdaq Regional Banking Index added 0.35% to $122.32.

At the large banks, JPMorgan Chase & Co. added 0.28% to $111.11, Wells Fargo & Co. rose 0.09% to $55.68, and Citigroup Inc. ticked up 0.03% to $68.47. Bank of America Corp. declined 0.27% to $30.01.

New York Community Bancorp Inc. added 0.59% to $11.99.

In notable movers, Atlanta-based State Bank Financial Corp. gained 3.02% to $35.86 and Easton, Md.-based Shore Bancshares Inc. increased 2.98% to $19.70.

Atlanta-based Atlantic Capital Bancshares Inc. declined 3.29% to $20.60 and Indiana, Pa.-based S&T Bancorp Inc. decreased 2.10% to $45.17.

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