Promoting broad based, the financial stocks, U.S. stocks on Friday closed at a new high of 30 months. JP Morgan Chase profit than expected U.S. industrial production and commercial sale of both improved and enhanced market confidence.
EST at 16:00 on January 14 (Beijing time at 5:00 on January 15th), the Dow Jones industrial average rose 55.48 points to close at 11,787.38 points, or 0.47%; the Nasdaq composite index rose 20.01 points, to close at 2,755.30 points, or 0.73%; Standard & Poor's 500 index rose 9.48 points to close at 1,293.24 points, or 0.74%.
Today, the highest intraday Dow climbed to 11,794.15 points, the highest since June 2008 intraday high. So far this week, the Dow has risen 0.9%, and the rally continued into the seventh consecutive week.
The Dow banking giant JP Morgan Chase (JPM) rose 1%. The company announced fourth-quarter profit rose 47%, exceeding analyst expectations, and expected future revenue growth, loan loss reserves substantially reduced.
Optimistic expectations by JP Morgan Chase Bank to promote the financial sector generally higher. Bank of America (BAC), PNC Financial Services (PNC), Morgan Stanley (MS) and Wells Fargo (WFC), etc. are all closed.