NEW YORK — U.S. stocks are holding near their record levels in early trading after several big banks reported stronger-than-expected profits for the latest quarter. The S&P 500 rose 0.2% Friday and is headed for its fifth straight winning week. The Dow Jones Industrial Average added 142 points, or 0.3%. The S&P 500 and the Dow each set all-time highs earlier this week. The Nasdaq composite slipped 0.3%. JPMorgan rose 3.2% and Wells Fargo rose 4.
Shares of automaker Stellantis fell 4% after the automaker announced some significant leadership changes, including the timing of CEO Carlos Tavares’ retirement. Its chief financial officer is also departing as the company formed by the merger of PSA Peugeot and Fiat Chrysler struggles to revive sales in North America.
In Asia, Japan’s benchmark Nikkei 225 closed up 0.6% at 39,605.80. Australia’s S&P/ASX 200 dipped 0.1% to 8,214.50. Hong Kong markets were closed Friday for a public holiday. On Tuesday, its index dropped more than 9%, its worst loss since the 2008 global financial crisis.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Wall Street shakes off a morning wipeout to end higherNEW YORK (AP) — U.S. stock indexes stormed back from big early drops to finish higher, led by a handful of highly influential Big Tech companies. The S&P 500 gained 1.1% Wednesday after erasing a morning wipeout of 1.6%.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Asian shares rally, encouraged by Wall Street storming back from an early slideTOKYO (AP) — Asian shares mostly rose on Thursday, encouraged by gains on Wall Street led by a handful of influential Big Tech companies.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street is steady following economic reports with few surprisesNEW YORK (AP) — U.S. stocks are drifting in mixed trading Thursday following a couple reports on the economy that came in close to expectations.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street rises closer to its record highNEW YORK (AP) — U.S. stocks rose closer to their all-time highs following a couple reports on the economy that came in close to expectations. The S&P 500 climbed 0.7% Thursday and pulled back within 1.3% of its record set in July.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street holds near record levels as it heads for a winning weekNEW YORK (AP) — U.S. stocks are holding near their record levels as they close out their fourth winning week in the last five. The S&P 500 was up 0.1% in early trading Friday. The Dow Jones Industrial Average climbed 98 points, or 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street drifts in mixed trading ahead of Fed meeting this weekNEW YORK (AP) — U.S. stocks are drifting in mixed trading, offering a break from their whipsaw moves in recent weeks. The S&P 500 slipped 0.1% early Monday. The Dow Jones Industrial Average was up 255 points, or 0.
Source: SooToday - 🏆 8. / 85 Read more »