Markets Right Now: Solid earnings send stocks higher
Stocks are broadly higher on
JPMorgan Chase rose 4.1% after reporting results that easily beat analysts' forecasts, thanks partly to higher interest rates and solid gains in investment banking.
Goldman Sachs fell slightly after reporting a drop in profits.
The S&P 500 rose 33 points, or 1.1%, to 2,999.
The Dow Jones Industrial Average added 267 points, or 1%, to 27,054. The Nasdaq rose 100 points, or 1.2%, to 8,148.
Bond prices fell. The yield on the 10-year
Stocks are opening broadly higher on
JPMorgan Chase rose 2% after reporting results that easily beat analysts' forecasts, thanks partly to higher interest rates and solid gains in investment banking.
Goldman Sachs lost 3% after reporting a drop in profits.
The S&P 500 rose 12 points, or 0.4%, to 2,978.
The Dow Jones Industrial Average added 133 points, or 0.5%, to 26,909. The Nasdaq rose 32 points, or 0.4%, to 8,082.
Bond prices rose slightly. The yield on the 10-year
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