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Dow rises more than 150 points after big gains in Disney and JP Morgan


Friday, 12 April 2019 23:54 WIB

DOW JONES Standard & Poor's 500Saham AS


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Stocks rose on Friday after a slew of positive corporate news that included strong bank earnings and Disney unveiling a new streaming service.

The Dow Jones Industrial Average surged 188 points. Gains in the financials and communications services sectors pushed the S&P 500 0.4% higher. The Nasdaq Composite advanced 0.3%.

J.P. Morgan Chase kicked off the corporate earnings season on Friday by reporting better-than-expected results. The company said “impact of higher rates ” boosted its results, along with its fixed-income trading revenues. Wall Street cheered J.P. Morgan’s report, sending the stock up 3.3%.

Source: CNBC


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