Stock market jumps at the open, trades at multiweek high as bank earnings bolster sentiment

Friday, 13 April 2018 20:47 WIB

DOW JONES Standard & Poor's 500Indeks NasdaqSahamAS


U.S. stock benchmarks were trading around the highest levels in about three weeks on Friday, with anxieties surrounding trade and other government policies taking a back seat to upbeat bank earnings to unofficially kick off the first-quarter earnings season.

The Dow Jones Industrial Average was up 145 points, or 0.6% at 24,638. The broad-market S&P 500 index climbed 0.6% at 2,679, while the Nasdaq Composite Index advanced 0.6% at 7,180.

The Dow and the S&P 500 were trading around their highest levels since March 21. As of Thursday, the Dow and S&P 500 were each headed for weekly gains of 2.3%, while the Nasdaq is up 3.3%. Buying sentiment was fueled by earnings from JPMorgan Chase & Co. which reported first-quarter earnings and revenue that topped Wall Street estimates. Meanwhile, Citigroup Inc so reported earnings that topped consensus forecasts, and revenue that was in line with expectations.

Source: Marketwatch


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