 "NYSE")
US stock indexes rose on Monday after Goldman Sachs beat profit expectations, extending last week's positive momentum amid easing bets of a super-sized interest-rate hike by the Federal Reserve.
The Dow rose over 200 points in early trading, picking up from Friday when U.S. economic data showed stronger-than-expected retail sales, an uptick in consumer sentiment and lower inflation expectations.
Goldman Sachs Group Inc gained 4.2% as it reported a smaller-than-expected 48% slump in second-quarter profit, helped by strength in its fixed-income trading. The investment banking giant's results follow upbeat quarterly results from Citigroup Inc on Friday.
The S&P 500 banks index added 0.9%
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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