Bank stock indexes were moving higher on Wednesday to mark their sixth straight day of gains, as bond yields eased back. The SPDR S&P Bank ETF was up 0.7%.
Bank stocks fell more deeply into the red as Fed officials prepared a speech on bank regulation and stocks with exposure to Israel dropped across the board.
As the U.S. created 336,000 new jobs in September, well ahead of the 170,000 estimate, regional-bank stocks fell on the prospect of higher interest rates.