Nascent signs of recovery continue for third week in a row:
Shares of the country's largest banks, which have been pounded in recent weeks over concerns about their ability to weather the crisis, soared on Monday. Citigroup jumped 19.5 percent, and Bank of America added 26 percent. Even banks seen as being on better footing posted big advances. J.P. Morgan Chase rose 25 percent, while Wells Fargo rose 24 percent.
Investors were also encouraged by the rise in existing home sales as first-time buyers pounced on deep discounts of foreclosures and other distressed properties.
ARTICLE: WASHINGTON POST
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