Wall St tracks weekly gains on strong banks earnings, retail sales data – Reuters

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 .