NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are closing out a rocky second quarter with solid gains as banks led indexes higher.
Bank of America climbed 2.8% Friday and JPMorgan Chase added 2.7%. The industry rose after the Federal Reserve gave the country’s 18 biggest banks permission to pay more dividends and buy back more of their own stock.
Progress Software jumped 11.1% after reporting earnings that beat analysts’ forecasts.