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Stocks extend gains as strong bank earnings underpin blue-chip rally
U.S. stocks rose Wednesday as investors cheered mostly positive earnings from financial institutions like Goldman Sachs Group and Bank of America Corp. even as Wall Street continued to deal with uncertainty from a partial government shutdown.
How are major benchmarks performing?
The Dow Jones Industrial Average DJIA, rose 182 points, or 0.8%, to 24,248, while the S&P 500 index SPX, climbed 11 points, or 0.4%, to 2,621. The Nasdaq Composite Index NQH9, advanced 20 points, 0.3%, to 7,043.
What’s driving the market?
Investors were cheered by quarterly results from Goldman Sachs Group Inc. GS, which produced earnings and profits that topped expectations on the back of healthy mergers and acquisitions.
Fourth-quarter results from Bank of America Corp. BAC, which reflected healthy demand for loans even as interest rates rose, are also bolstering market sentiment.
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https://www.marketwatch.com/story/us-sto...2019-01-16
![[Bild: GSc1dl1635.png]](https://finviz.com/publish/011619/GSc1dl1635.png)
![[Bild: BACc1dl1635.png]](https://finviz.com/publish/011619/BACc1dl1635.png)
U.S. stocks rose Wednesday as investors cheered mostly positive earnings from financial institutions like Goldman Sachs Group and Bank of America Corp. even as Wall Street continued to deal with uncertainty from a partial government shutdown.
How are major benchmarks performing?
The Dow Jones Industrial Average DJIA, rose 182 points, or 0.8%, to 24,248, while the S&P 500 index SPX, climbed 11 points, or 0.4%, to 2,621. The Nasdaq Composite Index NQH9, advanced 20 points, 0.3%, to 7,043.
What’s driving the market?
Investors were cheered by quarterly results from Goldman Sachs Group Inc. GS, which produced earnings and profits that topped expectations on the back of healthy mergers and acquisitions.
Fourth-quarter results from Bank of America Corp. BAC, which reflected healthy demand for loans even as interest rates rose, are also bolstering market sentiment.
...
https://www.marketwatch.com/story/us-sto...2019-01-16
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