Dow Ends Day Up 187

S&P 500, Nasdaq also close higher
By Newser Editors and Wire Services
Posted Apr 13, 2016 3:04 PM CDT
Dow Ends Day Up 187
Trader Gregory Rowe works on the floor of the New York Stock Exchange, Monday, April 11, 2016.   (AP Photo/Richard Drew)

US stocks closed higher, led by gains in banks after JPMorgan Chase turned in results that weren't as bad as analysts anticipated. JPMorgan rose 4% Wednesday. Profits and revenue for the giant bank both fell in the first quarter, but not as much as forecast. Other banks also rose. Bank of America jumped 4% and Wells Fargo climbed 3%. Banks are still the worst-performing sector in the market this year. Investors worry that low interest rates and defaults from energy companies will hurt results at US lenders.

The Dow Jones industrial average increased 187 points, or 1.1%, to 17,908, the AP reports. The Standard & Poor's 500 index added 20 points, or 1%, to 2,082. The Nasdaq composite rose 75 points, or 1.6%, to 4,947. (Read more Dow Jones stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.