Wall Street jumps on Goldman's strong numbers, Covid-19 vaccine hopes

The Dow Jones Industrial Average rose 367.22 points, or 1.38 per cent

Wall Street gained on Wednesday with the S&P 500 nearing its highest in more than four months following a strong quarterly showing by Goldman Sachs and promising early data for a potential Covid-19 vaccine.

The US lender jumped 2.9 per cent as its trading revenue doubled in the second quarter, driven by big swings in stock and bond markets since March.

Morgan Stanley gained 2.0 per cent and Bank of America 1.9 per cent ahead of their results on Thursday, which would wrap up earnings from the big six US banks. The broader banking index climbed 2.7 per cent.

Energy, industrials and financialstocks