What Happened in the Stock Market Today

Financial stocks gained ground thanks to improving earnings results from some of the world’s biggest investment banks, and that lifted the Financial Sector Select SPDR ETF higher by 1%. On the other hand, slipping gold prices produced a 5% decline for the Direxion Daily Gold Miners Bull 3X ETF Target shares fell 6% after the retailer posted an update on its latest business trends showing that revenue over the key holiday period dropped 4.9%.