Shares of banks and other financial institutions rose amid a revival in risk appetite in global markets.
U.S. stock bulls won a "tug of war" in a volatile week last week, said strategists at brokerage Bank of America Global Research, in a note to clients. The rebound in U.S. stocks could go on much further and still turn out to be a "dead cat bounce ... with the risk for a bigger top and a larger drop," said the Bank of America analysts.
Receivers have been appointed over land in Hong Kong that China Evergrande Group used as collateral for a $520 million loan, but the sale of the plot won't affect the company's broader restructuring, the troubled developer said.
As tax season gets under way, H&R Block is continuing its push to offer year-round financial solutions for its customers.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-31-22 1718ET
