US EditionWall Street rises as banks and tech companies help lead the way
Major banks and tech firms reported strong profits, helping the S&P 500 rise 0.7% amid economic uncertainty and delayed government data, analysts said.
- On Friday, U.S. stocks climbed after strong profit reports from Bank of America and other banks, with the S&P 500 rising 0.7%.
- Policy and data gaps set the scene as the U.S. government shutdown delayed the inflation report, complicating the Federal Reserve's assessment after Federal Reserve Chair Jerome Powell's Tuesday comments.
- Individual bank reports produced sharp stock swings with Bank of America up 4.6% and Morgan Stanley rising 6.6%, while PNC Financial fell 4.3% after a cautious forecast.
- Gains in big tech lifted benchmark indexes, with Nvidia, most valuable U.S. stock, the strongest force and ASML, Dutch semiconductor supplier, aiding sector gains.
- Geopolitical worries and earlier policy moves shaped investor demand as gold rose another 1.1% to top $4,200 per ounce amid United States and China tensions.
24 Articles
24 Articles
The Northern Virginia Daily
Wall Street climbs following strong profit reports
Stocks are climbing following strong profit reports from big banking and technology companies. The S&P 500 rose 0.8% Wednesday, coming off a roller-coaster day where it careened between a sharp loss and modest gain. The Dow Jones Industrial Average added…
The Killeen Daily Herald
Wall Street climbs after strong profit reports wrest the spotlight from US-China trade tensions
Stocks are climbing following strong profit reports from big banking and technology companies. The S&P 500 rose 0.9% Wednesday, coming off a roller-coaster day where it careened between a sharp loss and modest gain. The Dow Jones Industrial Average added…
San Diego Union Tribune
Wall Street rises as banks and tech companies help lead the way
By STAN CHOE, AP Business Writer NEW YORK (AP) — Stocks are climbing on Wednesday following strong profit reports from some of the world’s biggest names in banking and technology. The S&P 500 rose 0.8%, coming off a roller-coaster day where it careened between a sharp loss and modest gain. The Dow Jones Industrial Average was up 254 points, or 0.5%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 1.1% higher. Tech stocks helped lead …
US stocks climb following profit reports from banks and tech
Stocks are climbing following profit reports from some of the world’s biggest names in banking and technology. The S&P 500 rose 0.7% in early trading Wednesday. The Dow Jones Industrial Average climbed 204 points, and the Nasdaq composite added 1%.…
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