3 Big Bank Stocks Are Spiking Higher -- but Things Could Get Very Interesting on Friday

The stock market was having a strong day on Tuesday, with the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) all higher by about 2% as of 12:15 p.m. ET.However, the financial sector was one of the best-performing areas of the stock market. Megabank JPMorgan Chase (NYSE: JPM) was up by 4.2%, while both Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) were both higher by about 3% for the day.The big reason the stock market in general is higher is that investors seem optimistic tariff deals will be reached. President Trump posted on social media that he had a "great call" with South Korea, and that China wants to make a deal. This follows Treasury Secretary Scott Bessent reporting that 70 countries are prepared to begin tariff negotiations.Continue reading

Apr 8, 2025 - 18:06

3 Big Bank Stocks Are Spiking Higher -- but Things Could Get Very Interesting on Friday

The stock market was having a strong day on Tuesday, with the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) all higher by about 2% as of 12:15 p.m. ET.

However, the financial sector was one of the best-performing areas of the stock market. Megabank JPMorgan Chase (NYSE: JPM) was up by 4.2%, while both Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) were both higher by about 3% for the day.

The big reason the stock market in general is higher is that investors seem optimistic tariff deals will be reached. President Trump posted on social media that he had a "great call" with South Korea, and that China wants to make a deal. This follows Treasury Secretary Scott Bessent reporting that 70 countries are prepared to begin tariff negotiations.