What a difference a day makes. Interest rate-sensitive real estate and utilities ended down while the rising short end of the interest rate curve buoyed bank stocks as investors apparently tossed off concerns from yesterday's Fed speak.
The US dollar hit a three week high while UK 30-year debts gets dinged. Brent crude oil rose 60 cents to close at $106.45 a barrel. The S&P financial sector index finished up 1.7% and JP Morgan breached the $60 mark for the first time since early 2000 in an apparent case of how-quickly-they forget. Gold took its lead from the dollar closing slightly down at $1320, it's lowest level in three weeks.
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