Bank stocks sizzled with a vengeance Tuesday, after enduring a four-day slump. A major bond market rally sparked by surprisingly favorable inflation news carried many bank issues into record high territories.

May retail sales rose only 0.2% from April, the Commerce Department reported, falling far short of economists' 0.8% consensus estimate.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.