Bank technology stocks advanced slightly last week, in lockstep with a bull market and despite economic data that renewed investors' concerns about impending interest rate hikes.

The Labor Department said Friday that 262,000 new jobs were added to the economy in December - about 70,000 more than analysts expected. U.S. stocks fell abruptly on the inflationary news but then managed a dramatic turnaround after a wave of broad-based optimism over corporate earnings spread throughout the market.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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