U.S. Stock Movement | Bank sector rises as the probability of a Federal Reserve rate cut in September increases
On Tuesday, the banking sector rose, with Citigroup up over 3%, Goldman Sachs up over 3.7%, JPMorgan Chase up over 1.5%, Morgan Stanley up over 2.5%, and Bank of America up over 2.7%. On the news front, the CPI in July remained basically flat, and after the release of this data, the probability of the Federal Reserve cutting interest rates in September rose to 90.1%
According to Zhitong Finance APP, on Tuesday, the banking sector rose. As of the time of writing, Citigroup (C.US) was up over 3%, Goldman Sachs (GS.US) was up over 3.7%, JPMorgan Chase (JPM.US) was up over 1.5%, Morgan Stanley (MS.US) was up over 2.5%, and Bank of America (BAC.US) was up over 2.7%. On the news front, the CPI in July remained basically flat, and after this data was released, the probability of the Federal Reserve cutting interest rates in September rose to 90.1%
