Dow Surges 150 Points; JPMorgan Posts Upbeat Earnings

U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 150 points on Friday.

Following the market opening Friday, the Dow traded up 0.37% to 42,610.09 while the NASDAQ fell 0.19% to 18,247.84. The S&P 500 also rose, gaining, 0.14% to 5,789.34.

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Leading and Lagging SectorsFinancials shares jumped by 1.3% on Friday.

In trading on Friday, consumer discretionary shares fell by 0.7%.

Top Headline

JPMorgan Chase & Co. (NYSE:JPM) reported better-than-expected third-quarter FY24 earnings.

Reported revenue rose 7% year-on-year to $42.654 billion, beating the consensus of $41.649 billion. Net revenue (managed) stood at $43.3 billion (+6% Y/Y) in the quarter. Net income fell 2% Y/Y to $12.90 billion in the quarter. EPS of $4.37, exceeding the consensus of $4.00.

Equities Trading UP            ...