The bank technology sector joined the general market's upswing last week and kicked off the year with a positive flourish.

The Dow Jones industrial average rose 285.73 points in an abbreviated week of trading and closed at 7965.04 Friday. The technology-heavy Nasdaq composite closed at 1581.5, up 70.1 points for the week. Goldman Sachs & Co.'s index, which lists many bank technology companies, rose 9.25 points to close at 146.47.

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