The US stock market increased markedly on Friday and Dow Jones raised more than 290 points. The corporate news series provided Lido, including a strong profitability in the banking sector, and Disney launched a new streaming service.
Taipei time at 23:57
The Dow Jones Industrial Average increased 208.35 points, 0.80%, to 26.351.40.
The Nasdaq index rose by 20.07 points or 0.25% to 7967.43.
The S & P 500 index increased 13.40 points or 0.46% to 2901.72.
JPMorgan Chase Bank reported a better wage than expected on Friday. The bank said that rising interest rates increased profits and that bonus trading revenues also increased. The stock price rose 3.3%.
Analysts said JP Morgan Chase's first quarter earnings were higher than expected, and was optimistic for bank shares.
Under the support of the consumer loan business, Wells Fargo reported benefits more than expected. However, due to the moderate perspective of the financial director of the bank for the release of interest income, its participation in the reduction of prices.
The season of financial reports has been officially launched and it is expected that the company does not benefit well. The benefit of the first quarter of FactSet fell 4.2%.
The price of Disney shares increased by more than 10% and the company launched a streaming service at a price lower than Netflix. Netflix shares fell 2.9%.
Large-scale mergers and acquisitions in the energy sector also boosted the stock market on Friday. The constituent Dow Jones, Chevron, announced a $ 33 billion money and stock to acquire Anadarko Oil Company, a 37% prize at the closing price of the shares of Anadarko on Thursday. Anadarko's shares rose 32% and Chevron fell 5%.
The stock market increased on Friday, and the S & P 500 is expected to close more for the third week in a row.
In addition to Friday's corporate news, investors continued to digest the minutes of the March Federal Reserve meeting and the advances in trade talks between China and the United States.