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.