How major US stock indexes fared Friday, 10/11/2024
U.S. stocks closed at more all-time highs as JPMorgan Chase, Wells Fargo and other big financial companies rallied following better-than-expected profit reports
By The Associated Press
Published - Oct 11, 2024, 04:19 PM ET
Last Updated - Dec 16, 2024, 06:25 PM EST
U.S. stocks closed at more all-time highs as JPMorgan Chase, Wells Fargo and other big financial companies rallied following better-than-expected profit reports.
The S&P 500 rose 0.6% Friday, topping its all-time high set earlier this week. The Dow Jones Industrial Average jumped 1% and also notched a record. The Nasdaq composite lagged the market with a gain of 0.3% after a slide for Tesla kept it in check.
The electric vehicle maker tumbled following the unveiling of its long-awaited robotaxi. Treasury yields held relatively steady after the latest updates on inflation at the wholesale level and on sentiment among U.S. consumers.
On Friday:
