U.S. stocks open higher despite Middle East tensions as bank earnings boost Dow

U.S. stocks opened higher on Friday, as investors absorbed earnings reports from JPMorgan Chase & Co. and other big Wall Street banks and financial institutions, while oil prices surged as investors monitored escalating tensions in the Middle East.

JPMorgan Chief Executive Jamie Dimon said the bank delivered “solid” results amid a tough macroeconomic backdrop now complicated by another war. But he also delivered some more ominous commentary about markets and the economy.Citigroup Inc. C, +2.20% shares rose after the bank said its third-quarter profit edged up 2% to $3.546 billion. Of the major financial institutions reporting on Friday, only BlackRock Inc. BLK, -0.

Investors are expected to see a fourth-straight quarter of earnings declines overall for the S&P 500 index companies, with third-quarter per-share profit collectively expected to decline 0.3% compared with the same period a year prior, according to FactSet. The United Nations has warned that such an evacuation was not just impossible, but disastrous. The development comes nearly a week after an attack on Israel that has left more 2,800 people dead on both sides of the conflict.

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Stock market today: Asian shares rise with eyes on prices, war in the Middle EastAsian shares are mostly higher as investors await the release of U.S. consumer price data and keep a cautious watch on the war between Israel and the Palestinian militant group Hamas.
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Stock market today: Asian shares rise with eyes on prices, war in the Middle EastAsian shares are mostly higher as investors await the release of U.S. consumer price data and keep a cautious watch on the war between Israel and the Palestinian militant group Hamas.
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Stock market today: Asian shares rise with eyes on prices, war in the Middle EastAsian shares are mostly higher as investors await the release of U.S. consumer price data and keep a cautious watch on the war between Israel and the Palestinian militant group Hamas. U.S. futures advanced while oil prices fell. Hong Kong's benchmark jumped more than 2%. On Wednesday, the S&P 500 rose 0.4% and the Dow added 0.2%.
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Dow's 85-point drop led by losses in Chevron, Dow stocksSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
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