A blowout jobs report for May increased odds of a Federal Reserve rate hike sooner than later, giving a boost to banking stocks. Among the major banks, Citigroup (C), Bank of America (BAC), JPMorgan (JPM) and Morgan Stanley (MS) were rallying. Consensus is for a 25-basis-point hike in September. Yingli Green Energy (YGE) soared after reporting a jump in quarterly sales of more than 8%. Zoe’s Kitchen (ZOES) was moving higher after swinging to profit in its first quarter. The restaurant chain earned 4 cents a share and reported comparable sales up nearly 8%. Oil prices were on watch after OPEC maintained its current production target of 30 million barrels per day.
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