Advertisement
Canada markets closed

  • S&P/TSX

    21,807.37
    +98.93 (+0.46%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CAD/USD

    0.7275
    +0.0012 (+0.16%)
     

  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     

  • Bitcoin CAD

    87,874.33
    +1,002.84 (+1.15%)
     

  • CMC Crypto 200

    1,375.10
    +62.47 (+4.76%)
     

  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     

  • RUSSELL 2000

    1,947.66
    +4.70 (+0.24%)
     

  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     

  • NASDAQ

    15,282.01
    -319.49 (-2.05%)
     

  • VOLATILITY

    18.71
    +0.71 (+3.94%)
     

  • FTSE

    7,895.85
    +18.80 (+0.24%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • CAD/EUR

    0.6824
    +0.0003 (+0.04%)
     

Stocks- Wall Street Rises as Earnings Season Starts

Investing.com
Wall Street opened higher on Friday.
Wall Street opened higher on Friday.

Investing.com – Wall Street was higher on Friday as the big banks kick off the start of earnings season.

The S&P 500 was up 10 points or 0.41% to 2,674.98 as of 9:39 AM ET (13:39 GMT) while the Dow composite increased 84 points or 0.35% to 24,567.77 and tech heavy NASDAQ Composite rose over 26 points or 0.37% to 7,166.37.

Investors are looking to earnings results, which will show the impact of last years tax reform bill.

The biggest U.S. bank reported a surge of 35% profit in the first quarter. JPMorgan (NYSE:JPM) was down 0.29% while Citigroup (NYSE:C) rose to 0.53% after its quarterly earnings came in better than expected.

ADVERTISEMENT

Wells Fargo (NYSE:WFC) reported a 6% jump in quarterly profit but was also hit by a penalty of $1 billion to settle an investigation related to auto insurance and mortgage lending abuses. Its stocks fell 1.76%.

Stocks were also bolstered on Thursday after U.S. President Donald Trump cast doubt on his response to the suspected chemical attack in Syria, as tensions between the U.S. and Russia eased.

Meanwhile, technology stocks rose, with Netflix (NASDAQ:NFLX) up 1.89% and Tesla (NASDAQ:TSLA) gaining 2.26%. Facebook (NASDAQ:FB) recovered 0.73% and Amazon.com (NASDAQ:AMZN) rose 0.25%.

Elsewhere Boeing (NYSE:BA) inched down 0,19% while Chinese e-commerce giant Alibaba (NYSE:BABA) fell 0.20%.

In Europe stocks were up. Germany’s DAX rose 70 points or 0.57% while in France the CAC 40 increased 17 points or 0.33% and in London, the FTSE 100 was up five points or 0.08%. Meanwhile the pan-European Euro Stoxx 50 gained 14 points or 0.41% while Spain’s IBEX 35 inched up 74 points or 0.76%.

In commodities, gold futures inched up 0.13% to $1,343.60 a troy ounce while crude oil futures increased 0.15% to $67.17 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.04% to 89.53.

Related Articles

Russian companies will feel severe effect from U.S. sanctions: Fitch

Wall St. opens higher after strong big banks earnings

U.S. pension funds allege collusion in Mexico public debt market