NEW YORK (TheStreet) -- Bank of America
was the winner among the largest U.S. banks on Tuesday, with shares rising over 3.5% to close at $11.88.
Stocks were strong across the board, as investors cheered a report showing continued service-sector growth in the United States. Financial
names led the way, with the KBW Bank Index rising 2% to close at 54.90 with all 24 index components seeing gains for the session.
The Institute for Supply Management's Non-Manufacturing Index showed a decline to 55.2% in January from a downwardly revised 55.7% in December. An index reading above 50 indicates economic expansion. The January reading matched the consensus estimate among economists, according to Briefing.com.
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