You are here: Home » Reuters » News
Business Standard

S&P 500 at five-month high, but banks weigh after results

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - U.S. stocks rose slightly on Friday, putting the S&P 500 at its highest closing level in more than five months, as gains in industrials and other areas offset a drop in financials after results from three of the big banks mostly disappointed.The industrial sector gained 0.6 percent, with Boeing Co , Caterpillar Inc and 3M Co all rose in the absence of any trade rhetoric overnight. Investors were optimistic ahead of what is expected to be a strong second-quarter U.S. earnings season, although reports on Friday from three of the biggest Wall ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, July 14 2018. 02:44 IST
RECOMMENDED FOR YOU