By the financial sector to promote broad based, late Friday, U.S. stocks continued to climb, the market at a 30-month high. JP Morgan Chase profit than expected U.S. industrial production and commercial sale of both improved and enhanced market confidence.
EST at 15:09 on January 14, the Dow Jones industrial average rose 49.69 points to 11,781.59 points, or 0.42%; the Nasdaq composite index rose 15.18 points to 2,750.47 points, or 0.55%; the S & P 500 Index rose 7.58 points to 1,291.34 points, or 0.59%.
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 2.4%. 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) rose 3.2%, the company will report fourth-quarter earnings next week. PNC Financial Services Group (PNC) rose 4.9%, Morgan Stanley (MS) rose 2.1%, Wells Fargo (WFC) rose 2.5%.