Stock Market Today: Dow ekes out gain for weekly win amid strong bank earnings

Investing.com – The Dow eked out a gain to end the week higher Friday, as Wall Street banks kicked off the earnings season with better-than-expected quarterly results, though investors had to contend with a bout of volatility amid rising geopolitical tensions.JPMorgan rose more than 2% after reporting a 35% jump in earnings for third quarter, underpinned by a surge in rates that bolstered its retail banking unit's profits.

"Focus on the earnings picture – it is what drives stocks, not geopolitics, not rates, not talking heads – earnings and if earnings are fine then stocks can rise without multiple expansion. As we have discussed, the ROW offers room for both EPS growth & multiple expansion," Jim Bianco of Bianco Research president said in a note.Energy stocks rose more than 2% following a surge in oil prices after the U.S.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock Market Today: Dow ends higher as focus shifts to consumer inflation dataStock Market Today: Dow ends higher as focus shifts to consumer inflation data
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stock Market Today: Dow falls as rising yields return to put squeeze on stocksStock Market Today: Dow falls as rising yields return to put squeeze on stocks
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stock market today: Asian markets slip as rising yields in the bond market pressure stocksShares have fallen in Asia after a retreat on Wall Street as the vise tightened from rising yields in the bond market. Hong Kong's benchmark dropped more than 2% as investors were disappointed by the latest Chinese economic data. U.S. futures edged higher and oil prices advanced. On Thursday, the S&P 500 lost 0.6% and the Dow shed 0.5%.
La source: AP - 🏆 728. / 51 Lire la suite »

Stock Market Today: Stocks slip as inflation fears, oil surge, hit sentimentRenewed inflation concerns, surging oil prices and the start of the third quarter earnings season have stocks in the red in early Friday trading.
La source: startelegram - 🏆 248. / 63 Lire la suite »

Stock Market Today: JPMorgan, Wells Fargo Earnings OutOil prices rally, boosting energy companies
La source: WSJ - 🏆 98. / 63 Lire la suite »

Stock Market Today: Investors Cheer JPMorgan, Wells Fargo, Citi EarningsOil prices rally, boosting energy companies, amid Middle East conflict
La source: WSJ - 🏆 98. / 63 Lire la suite »