Stock market today: S&P 500 closes above 5,800 for first time ever as banks rally

Investing.com-- The Dow and S&P 500 notched record closing highs Friday, with the latter closing above the 5,800 mark for the first time as JPMorgan led a string of mostly better than expected earnings,All three major indexes notched their fifth consecutive week of gains, with the dow clinching its the best winning streak in eight months.The main focus Friday will be on the third quarter earnings season, with major financial companies getting the ball rolling.

Year-on-year, the index increased by 1.8%, slower than an upwardly revised mark of 1.9% in August, potentially pointing to a cooling inflation picture as lessening the impact of theTraders are now pricing in a major chance for a 25 basis point cut in November, instead of the 50-basis-point cut the Fed introduced in September.A slower pace of interest rate cuts potentially presents pressure on Wall Street, given that U.S.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock Market Today: S&P 500 rides Nvidia-led rally to close higherStock Market Today: S&P 500 rides Nvidia-led rally to close higher
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock Market Today: The S&P 500 consolidates gains above 5700Stock Market Today: The S&P 500 consolidates gains above 5700
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock Market Today: S&P 500 rides Nvidia-led tech surge to close higherStock Market Today: S&P 500 rides Nvidia-led tech surge to close higher
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock Market Today: S&P 500 closes above 5,700 for first time ever as tech glowsStock Market Today: S&P 500 closes above 5,700 for first time ever as tech glows
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock Market Today: Dow, S&P 500 ride Nvidia surge to close at fresh record highsStock Market Today: Dow, S&P 500 ride Nvidia surge to close at fresh record highs
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock market today: S&P 500 closes lower as spike in Treasury yields weighStock market today: S&P 500 closes lower as spike in Treasury yields weigh
Fuente: Investingcom - 🏆 450. / 53 Leer más »