Markets Right Now: Banks Rise as Earnings Boost Stocks -
By THE ASSOCIATED PRESSAPRIL 20, 2017, 9:48 A. M. E. D.T.
Big dividend payers like phone companies also fell as bond yields rose.
Investors are also buying consumer-focused companies and small firms, a bet that the U. S. economy will perform well.
Stocks are recovering as banks rise with bond yields and interest rates.
The Dow Jones industrial average rose 48 points, or 0.2 percent, to 20,452.
The Standard & Poor’s 500 index added 6 points, or 0.3 percent, to 2,344.