Stock Market Update: Gains Fuelled by Bank Earnings and Inflation Data

Reported about 5 hours ago

On Friday, U.S. stocks rose as major banks reported their earnings, marking the start of the earnings season. The Dow Jones Industrial Average saw an increase of nearly 1%, while both the S&P 500 and Nasdaq Composite also posted gains. Investors are anticipating the implications of recent inflation data on Federal Reserve policy, and responses varied to the earnings reports, with positive results from firms like JPMorgan and Wells Fargo suggesting a resilient economy.

Source: YAHOO

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