Banks Help Power US Markets To Close Higher
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2019-01-17 HKT 05:15
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Strong earnings from several big banks powered more gains on Wall Street on Wednesday, with Goldman Sachs and Bank of America leading the way.
Goldman Sachs jumped 9.5 percent, its biggest gain in 10 years, after the bank said gains in its advisory business offset a rough quarter in trading. Bank of America climbed 6.7 percent as rising interest rates helped it make more money from lending.
The S&P 500 rose 0.2 percent to 2,616.
The Dow Jones Industrial Average added 0.6 percent to 24,207. The Nasdaq rose 0.2 percent to 7,034. (AP)
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