Major U.S. stock-indexes gained on Wednesday as JPMorgan's results kicked off bank earnings on an upbeat note and strong Chinese trade data raised hopes that the country's economy was on the mend. Shares of JPMorgan (JPM) were up 4,3% after the bank reported higher-than-expected quarterly earnings and revenue. Adding to the positive sentiment, data showed China's March exports handily beat expectations, rising for the first time in nine months. Global markets rallied following the data. However, U.S. retail sales and producer prices unexpectedly fell in March, more evidence that economic growth stumbled in the first quarter.
Most of Dow stocks in positive area (24 of 30). Top looser - Verizon Communications Inc. (VZ, -1,54%). Top gainer - JPMorgan Chase & Co. (JPM +4,54%).
Almost all of S&P sectors in positive area. Top looser - Utilities (-0,3%). Top gainer - Financial (+2,0%).
At the moment:
Dow 17786.00 +149.00 +0.84%
S&P 500 2071.50 +15.75 +0.77%
Nasdaq 100 4534.50 +44.50 +0.99%
Oil 42.21 +0.04 +0.09%
Gold 1247.30 -13.60 -1.08%
U.S. 10yr 1.78 +0.00