Markets Right Now: Stocks rise sharply, Dow over 21,000

Banks and other financial companies led U.S. stocks sharply higher, pushing the Dow Jones industrial average above 21,000 points for the first time.

Bond prices fell and yields rose after New York Federal Reserve President William Dudley said the case for raising interest rates had gotten stronger.

Stocks opened strongly higher on Wall Street, led by big gains in banks as investors expected interest rates to rise.

Bond prices fell and yields rose after a Federal Reserve official, New York Fed President William Dudley, said the case for raising interest rates had gotten stronger.