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Dow rises 100 points as JP Morgan leads bank shares higher

Tuesday, 14 January 2020 23:35 WIB

DOW JONESsaham A.S

The Dow Jones Industrial Average rose on Tuesday as the corporate earnings season kicked off with J.P. Morgan Chase and Citigroup posting stronger-than-forecast quarterly results.

The 30-stock Dow traded up 100 points, or 0.3%. The S&P 500 and Nasdaq Composite were little changed, however, hovering just below the flatline.

J.P. Morgan Chase posted quarterly earnings and revenue that beat analyst expectations, sending the stock up more than 2%. The bank’s annual profits also reached record levels at $36.4 billion. J.P. Morgan also had a surge in bond-trading revenues during the fourth quarter.

Source: CNBC

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