Banks power Wall St rally

The Dow was paced 0.9 per cent higher to 20,071.46 by Goldman Sachs, up 4.6 per cent and JPMorgan, up 3.1 per cent. ...

US stocks rose as the Trump administration's plan to roll back financial regulations sparked a rally in bank shares.

Wage data may slow Fed hikes

Mohamed El-Erian said lacklustre wage growth in the US may prompt the Fed to pause before raising interest rates again.