U.S. stocks open higher as banks beat estimates

U.S. stocks opened higher Friday as investors welcomed better-than-expected results from three of the largest banks. J.P.Morgan Chase & Co , Citigroup Inc. and Wells Fargo & Co. all beat Wall Street estimates. The S&P 500 gained 13 points, or 0.6%, to 2,145. The Dow Jones Industrial Average added 150 points, or 0.8%, to 18,244. The Nasdaq Composite began the session up 32 points, or 0.6%, at 5,245.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply