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U.S. stocks open higher as investors weigh Wall Street bank earnings

Clyde Edgerton by Clyde Edgerton
July 14, 2023
in Markets
U.S. stocks open higher as investors weigh Wall Street bank earnings
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U.S. stocks opened higher Friday, with the S&P 500 edging up after on Thursday crossing the 4,500 mark for the first time in about 15 months, as investors weighed second-quarter earnings from major Wall Street banks. The Dow Jones Industrial Average
DJIA,
+0.47%
was up 0.5% soon after the opening bell, while the S&P 500
SPX,
+0.30%
rose 0.2% and the Nasdaq Composite
COMP,
+0.45%
gained 0.2%, according to FactSet data, at last check. On Friday, JPMorgan Chase & Co.
JPM,
+1.83%,
Wells Fargo & Co.
WFC,
+2.55%
and Citigroup Inc.
C,
-0.55%
all reported stronger-than-expected quarterly profits.



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