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PUERTO RICO STOCKS COMMODITIES CURRENCY
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cline 8.1% for the quarter, according to Refinitiv data.
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The S&P 500 banks index has fallen 3.9% so far this year, in the aftermath of a banking crisis that took down three lenders and pummeled the sector, underperforming the S&P 500 index that has notched a 17.8% gain in the same period.
In early trading on Tuesday, the banking index was up 1.1%.
Lockheed Martin added 1.1% after the weapons maker raised its annual profit and sales outlook on strong demand for military equipment, stoked by ongoing geopolitical uncertainties.
At 09:50 a.m. ET, the Dow Jones Industrial Average was up 141.63 points, or 0.41%, at 34,726.98, the S&P 500 was up 3.12 points, or 0.07%, at 4,525.91, and the Nasdaq Composite was down 43.61 points, or 0.31%, at 14,201.34.
Eight of the top 11 S&P 500 sectors advanced with industrials leading gains, while technology stocks fell 0.6%.
Wall Street rallied last week after consumer prices and producer prices data provided evidence that the economy had entered a disinflation phase, stoking hopes that the U.S. Federal Reserve will soon end its monetary policy tightening.