Wall St tracks weekly gains on strong banks earnings, retail sales data – Reuters
- Date: 15-Oct-2021
- Source: Reuters
- Sector:Financial Services
- Country:Middle East
Wall St tracks weekly gains on strong banks earnings, retail sales data – Reuters
Oct 15 (Reuters) - U.S. stocks climbed on Friday and the main indexes were set for weekly gains after Goldman Sachs capped a strong earnings season for big banks, while a surprise rise in retail sales raised optimism about economic recovery.
Goldman Sachs (GS.N) gained 2.7% as a record wave of dealmaking activity drove a surge in the bank's quarterly profit. read more
Other big lenders, including JPMorgan (JPM.N), Morgan Stanley (MS.N) and Wells Fargo (WFC.N), rose between 0.9% and 6.9%. The banking index (.SPXBK) added 1.6%, tracking a rise in 10-year Treasury yields .