June 25, 2013 at 18:43 PM EDT
Up Day For Market Sees Financials Assert Strength Again
The Nasdaq snapped a four-session losing streak Tuesday and major averages scored nice gains, albeit in light volume. The positive action resulted in a fresh crop of new highs, particularly in the financial sector. Signature Bank (SBNY) outperformed, rising 3% to 82.42. The commercial bank operates 26 offices in the New York metropolitan area. Earnings are due on or around July 23. Profit is seen rising 15% to $1.07 a share with sales up 12% to
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