Stocks close higher on robust bank earnings, Disney helps propel Dow up triple digits

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 97%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

U.S. stocks end higher Friday after a series of strong bank earnings, led by JPMorgan, boosted confidence in the U.S. economy while the Dow gained more than...

U.S. stocks closed higher Friday after a series of strong bank earnings, led by JPMorgan, boosted confidence in the U.S. economy while the Dow Jones Industrial Average rose nearly 270 points.

Strong bank earnings bolstered confidence in the underlying economy, and JPMorgan Chief Executive James Dimon further underscored this message, noting that, “Even amid some global geopolitical uncertainty, the U.S. economy continues to grow, employment and wages are going up, inflation is moderate, financial markets are healthy and consumer and business confidence remains strong.”

The market also got a lift from trade data released by China that showed March exports rose 14.2% from a year earlier versus forecasts calling for a rise of 8.7% and after a sharp drop in February. That said, imports were flagging, reflecting soft domestic demand and the growth spurt in exports may not be sustained.

Positive bank earnings, especially from the nation’s largest bank, JPMorgan, indicate a “resilient U.S. economy,” Tom Kennedy, head trader and portfolio analyst at New England Investment & Retirement Group, told MarketWatch. “Strong external demand combined with domestic stimulus measures will go some way to supporting the world’s second largest economy which will come as a relief to everyone,” he said.

Shares of JPMorgan Chase JPM, +4.69% rose 4.7% for their best earnings day since the release of second quarter 2012 results.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 3. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

These are great news!!!!

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Dow gains more than 200 points as Disney, JPMorgan jump, healthy bank earnings buoy broader marketU.S. stocks rise Friday after a series of strong bank earnings, led by JPMorgan, boosted confidence in the U.S. economy while the Dow gained more than 200... What might be the likely factors for this?
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »

Stocks making the biggest moves midday: Disney, JP Morgan Chase, GrubHub & moreThese are the stocks posting the largest moves midday Friday. Disney plus doing wonders
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Stocks making the biggest moves premarket: Boeing, Disney, Wynn Resorts, Altria, Zogenix & moreSome of the names on the move ahead of the open. Why can't you guys get your audio straightened out?
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Stocks making the biggest moves premarket: JP Morgan, Apple, Disney, Boeing, Tesla & moreSome of the names on the move ahead of the open. Its context
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Dow rises 200 points as healthy bank earnings, China trade data buoy marketsU.S. stocks open solidly higher on global growth optimism, alongside bullishly received bank earnings and a big jump for shares of Dow component Walt Disney... Maybe someone has increased his prayer.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »