Published: Сб, Июля 15, 2017
Markets | By Noel Gibbs

Dow, S&P 500 end at records after solid USA bank earnings

Dow, S&P 500 end at records after solid USA bank earnings

Banks and tech helped spur stocks higher, with JPMorgan (JPM) kicking off earnings season for financials Friday morning. As of Thursday, the index had posted a 14.1% gain over the last since months marks the strongest performance since 2009, the year after the financial crisis came to an end. The soft June consumer price index number continues more than a quarter of poor progress at a time when some Fed officials are hinging their support for further rate rises on the inflation outlook in this figure. Phone companies and utilities were among the laggards.

The S&P 500 gained 0.74 percent, with real estate and energy leading advancers.

XAutoplay: On | OffThe Dow Jones industrial average slimmed to a 0.1% gain, after climbing nearly 0.2% in late trade.

The Nasdaq Composite (INDEXNASDAQ:.IXIC) closed up 38.03 points, or 0.61% to 6,312.47.

The S&P 500 healthcare index was up 0.23%, showing little reaction to US Senate Majority Leader Mitch McConnell's unveiling of a revised healthcare bill.

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The S&P 500 is up 22.65 points, or 0.9 percent.

Thursday's action left the Nasdaq composite ahead almost 2% for the week and tracking toward its best weekly finish since late May.

The Russell 2000 is up 12.98 points, or 0.9 percent.

S&P 500 measures the performance of 500 widely held common stocks of large-cap USA companies.

The Nasdaq is up 929.35 points, or 17.3 percent.

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