The bulls pushed resistance ahead of Thursday’s bank stress results and came just shy of clearing it as they awaited word from the Federal Reserve that all was good. There were 29 of the 30 that passed the tests but one bank, Zions Bancorporation (ZION, $42.99, up $1.02), fell short.
We mentioned yesterday there might be one bad apple in the bunch but overall, we said the Financial stocks should show some strength this week. They have and now the question will be if the gains have staying power and if the Financials can lead the market on the next leg higher.
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