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Rich Asplund

Stocks Settle Higher as US Banks Post Solid Earnings Results

United States Elon Musk Dow Jones Inflation JPMorgan Chase Tesla Inc. University of Michigan

The S&P 500 Index ($SPX) (SPY) Friday closed up by +0.61%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.97%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.15%.

Stocks on Friday settled moderately higher, with the S&P 500 and Dow Jones Industrials posting new all-time highs.  On Friday, the strength of bank stocks supported the overall market after JPMorgan Chase and Wells Fargo reported better-than-expected Q3 earnings results.

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