London, Friday, 14 July 2023
As investors analysed the most recent earnings reports, US markets advanced on Friday, with the Dow Jones jumping more than 150 points and the S&P 500 and Nasdaq both gaining 0.3%.
JPMorgan Chase surpassed profit and revenue projections, sending its stock up more than 1%.
Following the release of better-than-expected results and revenue, Wells Fargo and UnitedHealth both saw their shares climb by more than 2% and around 4%, respectively.
However, despite results exceeding projections and net inflows falling short of expectations, shares of BlackRock dropped 1.2%.
After announcing a decline in net income, Citigroup likewise saw a decline (-0.3%). The Dow Jones is currently up 1.9% for the week, the S&P 500 is up 2.5%, and the Nasdaq is up 3.5%, on pace to have its best week since March 17.
(Written by: The Decision Maker - Finance editors)
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