Bank Stocks Shoot Higher as Jobs Data Bolsters Markets

on May 06, 2023 06:22:AM

A group of regional bank stocks that came under severe pressure this week, stoking fears of a spiraling banking crisis, surged on Friday, at least partly alleviating those worries. The rebound came as the market was also bolstered by data on hiring that was deemed strong enough to soften concerns about a recession without prompting […]