Wall Street Opens Higher After First Wave of Bank Earnings; Dow up 120 Pts
- Date: 14-Apr-2021
- Source: Investing.com
- Sector:Financial Services
- Country:Middle East
Wall Street Opens Higher After First Wave of Bank Earnings; Dow up 120 Pts
© Reuters.
By Geoffrey Smith
Investing.com -- U.S. stock markets opened higher on Wednesday after strong earnings from Goldman Sachs (NYSE:) and signs of economic recovery implicit in other earnings reports bolstered sentiment.
Goldman and JPMorgan (NYSE:) both blew past expectations for profit in the three months through June, but their stocks diverged amid concern that JPMorgan's, at least, relied heavily one-off factors. Goldman stock rose 2.7% while JPMorgan stock fell 1.3%.
By 9:45 AM ET (1445 GMT), the was up 119 points, or 0.4%, while the and the were both up 0.1%. All three indices go into the new earnings season at or near to record highs, on expectations of a strong rebound in the economy this year and continued policy support.
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