Stock market news today: Stocks turn positive led by Financials | July 23, 2024

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Stocks turned positive in late morning trade on Tuesday.

The S&P 500 (^GSPC) was more than 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) rose about 0.6%. The Dow Jones Industrial Average (^DJI) was up more than 0.1%.

Financials (XLF) were the only sector outperforming the broader S&P 500 index on Tuesday. And the rally in banks trickled down the cap spectrum to regional banks too. The S&P Regional Banking ETF (KRE) was up nearly 2%.

The small-cap Russell 2000 (^RUT) index, which is heavily influenced by regional banks, was up about 0.9% on the day.

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