Exchange-traded funds that buy bank stocks surged Tuesday after a reading on inflation was softer than Wall Street analysts expected.
Shares of the SPDR S&P Regional Banking ETF KRE closed 7.4 % higher, booking their largest percentage increase since May, according to Dow Jones Market Data. The Invesco KBW Bank ETF KBWB, which holds major Wall Street banks, finished Tuesday up 4.7% to also notch its biggest daily percentage jump since May.
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