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Financial Stocks Likely To Lead S 500 Higher

wochit business
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November 19, 2013 AT 8:40 AM
After a three-day push and now the beginnings of a retrace, there is a need for another catalyst to take the stock market higher. Of the majors, the strongest two indices over the past month have clearly been the Dow Jones Industrial Index and the S&P 500. In both cases, what's driving both of these higher is the financial sector. With the rejiggering of the Dow Jones a couple months back, ostensibly to better track the industrial might of the US economy but more likely to boost its performance, the end result was that the performance of the index is increasingly tied to the performance of the financial sector.