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Stock impact report

Dow jumps more than 150 points as Goldman and JP Morgan lead bank shares higher [CNBC]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: CNBC
show chapters Stocks rose on Wednesday bank shares got a lift from higher interest rates. Sentiment on Wall Street was also boosted as investors bet that a trade war between the U.S. and China will not be as bad as previously feared. The Dow Jones Industrial Average closed up 159 points with Goldman Sachs as the best-performing stock in the index. The S&P 500 advanced 0.13 percent as financials jumped nearly 2 percent. The Nasdaq Composite slipped 0.08 percent, however, as Amazon, Netflix and Apple all fell. Bank shares rose as the 10-year Treasury note yield rose to 3.09 percent, its highest level since May. Goldman Sachs, Morgan Stanley and Bank of America all rose nearly 3 percent. Shares of J.P. Morgan Chase and Citigroup, meanwhile, advanced 3.3 percent each. Equities also gained as a new round of levies against U.S. and Chinese products was not as bad as forecasts indicated. China slapped tariffs on $60 billion worth of U.S. goods Show less Read more
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