Business Standard

Wall Street ends higher as Goldman rounds out parade of strong bank results

The Dow Jones Industrial Average rose 384.83 points, or 1.10%, to 35,297.39

Wall Street
Premium

Photo: Shutterstock

Caroline Valetkevitch | Reuters
US stocks ended higher on Friday after Goldman Sachs became the latest big bank to report strong quarterly earnings, and Wall Street's three major indexes posted gains for the week.

Goldman Sachs Group shares jumped, giving the Dow its biggest boost, as a record wave of dealmaking activity drove a surge in the bank's quarterly profit.

Other big lenders also rose and were among the biggest positive for the S&P 500. The index's bank index ended sharply higher.

Results from the big financial institutions this week have provided a strong start to third-quarter U.S. earnings, though investors will still watch in coming weeks

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in