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Stocks rise, but bank weakness keeps Dow from retaking 26,000

January 17, 2018


U.S. stocks rose on Wednesday as major indexes recovered from a selloff in the previous session, though major financial stocks sold off after their quarterly results, limiting the overall market’s advance.

What are the main benchmarks doing?

The Dow Jones Industrial Average DJIA, +0.45% rose 120 points, or 0.5%, to 25,922. On Tuesday, it traded above 26,000 for the first time ever, but ended down by less than 0.1% after its intraday gain of more than 200 points failed to stick, marking the largest one-day reversal since February 2016.

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