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Bank stocks drive Wall St to all-time highs

Bank stocks drive Wall St to all-time highs

NEW YORK (June 9): US stocks touched record highs in late morning trading on Friday as bank stocks rose, while investors shrugged off the surprise result of the British general election.

All three major indexes are on track to end the week higher, with focus turning to the Federal Reserve's meeting next week, where it is widely expected to raise interest rates.

Traders are pricing in a 99.6 percent chance of a rate hike, according to CME Group's FedWatch tool.

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