Wall Street closes higher as banks continue to have strong results | latest news

Wall Street closes higher as banks continue to have strong results | latest news
Wall Street closes higher as banks continue to have strong results | latest news

Wall Street’s major indices ended higher on Friday, October 15th, after Goldman Sachs completed a solid earnings season for major banks, and the three major indices posted gains for the whole week.

Goldman Sachs shares jumped about 3.6% to give the Dow the largest support, after it achieved strong quarterly profits on the impact of a record wave of arrangement deals.

Other major banks also rose and were among the biggest gainers on the S&P 500 index, and the Banks Index closed up 2.1%.

The Dow Jones Industrial Average rose 382.2 points, or 1.09%, to 35,294.76 points.

The Standard & Poor’s 500 rose 33.11 points, or 0.75%, to 4,471.37 points.

The Nasdaq Composite Index also rose 73.91 points, or 0.5%, to 14,897.34 points.

Dow Jones jumped 1.6 percent for the week, its biggest gain in percentage points since June 25. The S&P500 posted its biggest weekly gain since July 23rd.

Source

Wall Street closes higher banks continue strong results latest news

 
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