Financial and technology stocks led a broad-based rebound on US equity markets - Dow up +98-points or +0.41% , recovering from an earlier ~100-point fall The broader S&P500 gained +0.62%, with Telecommunications (up +2.29%), Information Technology (+1.08%) and Financials (+0.86%) the leading primary index performers. The Financials sector finally snapped a 13-session losing streak, with banking heavyweights J.P. Morgan, Goldman Sachs, Citigroup, Morgan Stanley and Bank of America all advancing over >1%. Several banks announced plans to return capital to shareholders late in the session after the Federal Reserve released results of its annual stress tests (or Comprehensive Capital Analysis and Review). The NASDAQ +0.79%. News that Amazon.com Inc (up +2.5%) had signed an agreement to acquire online pharmacy PillPack sent pharmacy stocks tumbling (Rite Aid Inc down -11.1%, Walgreens Boots Alliance Inc -9.9% and CVS Health Corp -6.1%). PillPack is an online pharmacy that packages, organizes and delivers pre-sorted doses of medications and is licensed to ship prescriptions in 49 US states.
