U.S. stocks open higher as Wall Street banks kick off third-quarter earnings results

U.S. stocks opened higher on Friday, as Wall Street banks kicked off earnings results for the third quarter. The Dow Jones Industrial Average DJIA, +0.58% was up 0.5% soon after the opening bell, while the S&P 500 SPX, +0.33% gained 0.5% and the Nasdaq Composite COMP, -0.06% rose 0.

3%, according to FactSet data, at last check. Citigroup Inc. C, +2.38% on Friday reported third-quarter profit that topped expectations, while JPMorgan Chase & Co.’s JPM, +3.77% results and Wells Fargo & Co.’s WFC, +3.35% earnings also beat analysts’ estimates. All three major stock benchmarks were on track for weekly gains.

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Stock futures inch higher as investors wait for earnings kickoff from JPMorgan, other Wall Street banksBarbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter bkollmeyer.
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