|Day's range||99.59 - 100.52|
|52-week range||79.85 - 116.53|
The consumer watchdog agency announced it would be paring back a major part of its regulatory guardrails on the payday lending industry.
Former Wells Fargo CEO Dick Kovacevich is selling tech and other stocks in favor of banks, which he says stand to gain from rising interest rates and a steepening yield curve.
The firm is seeing "obvious headwinds" in transaction revenue as activity slowed in March and remained slower through April and May.
Climbing bond yields are seen as good for the economy, but bad for stocks. This is causing an identity crisis for equity markets, says one strategist.