Bank stocks surge after inflation report, regional banking ETF logs biggest gain since May
Exchange-traded funds that buy bank stocks surged Tuesday after a reading on inflation was softer than Wall Street analysts expected. Shares of the SPDR S&P Regional Banking ETF KRE closed 7.4 % higher, booking their largest percentage increase since May, according to Dow Jones Market Data. The Invesco KBW Bank ETF KBWB, which holds major …