Here's Why Wells Fargo Is Rebounding on Thursday
Thursday was quite an eventful day in the stock market, with the Dow Jones Industrial Average and S&P 500 index falling by nearly 2% in the morning, only to rebound and turn positive later in the day.
Bank stocks are fueling much of this rally. The group, which has been beaten down over the past week or so, abruptly reversed course and is now one of the market's bright spots. Wells Fargo (NYSE: WFC) is having an especially good day, up by 6.4% as of 2 p.m. EDT and attempting to regain some of its losses from earlier in the week.
Image source: Wells Fargo.
Source Fool.com
