Financial Stocks: The Outlook for May
The top U.S. market indexes had their best April in years — and financial stocks were the best of the best.
- the Dow had its best April percentage gain since 2001
- the Nasdaq had its best April percentage gain since 2001
- the S&P 500 had its best April percentage gain since 1938
Financials month-to-date were up 22.17 percent, placing bank stocks above the next four strongest sectors:
- consumer discretionary
- info tech
But financials are still down nearly 14 percent for the year. David Faber reports on the slow road out of the February-march "carnage" — and what's next for the financials.
CNBC's Real-Time Index Trackers:
Bank of America