Epic Research Update : US Markets
US stocks were modestly lower on Thursday, weighed down by a drop in healthcare and consumer names, while financials advanced slightly after two more Federal Reserve officials pushed the case for a rate hike.
The S&P 500 financials index .SPSY, which stands to gain the most from higher rates, was up 0.28 percent. The KBW Nasdaq Bank index .BKX rose 0.39 percent, its best day in nearly two weeks.
US stocks were modestly lower on Thursday, weighed down by a drop in healthcare and consumer names, while financials advanced slightly after two more Federal Reserve officials pushed the case for a rate hike.
The S&P 500 financials index .SPSY, which stands to gain the most from higher rates, was up 0.28 percent. The KBW Nasdaq Bank index .BKX rose 0.39 percent, its best day in nearly two weeks.
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