On Friday, October 11th, U.S. markets closed in green, fueled by strong performances in financial stocks after major banks reported robust quarterly results. JPMorgan, Wells Fargo, and BlackRock surpassed profit expectations, boosting the S&P Financials index. This positive start to earnings season and encouraging inflation data raised expectations for a potential Federal Reserve rate cut in November.
According to economic data, in September, U.S. core producer prices rose by 0.2% from the previous month, slightly lower than the 0.3% increase recorded in August.
Most S&P 500 sectors closed higher on Friday, led by financials, real estate, and industrials, while consumer discretionary and information technology stocks ended lower.
The Dow Jones Industrial Average was up 0.97% and closed at 42,863.86. The S&P 500 ended the day higher ...
