14-07-2016 17:38 via news.yahoo.com

S&P, Dow hit new peaks in JPMorgan-spurred rally

While the Bank of England unexpectedly left interest rates unchanged, investors saw hope after the central bank signaled there would be a stimulus program in August, once the impact of Britain's vote to leave the European Union had been assessed. JPMorgan , the biggest U.S. bank by assets, reported quarterly revenue rise that beat estimates by a hefty margin. The bank's shares rose 2.6 percent, while the S&P financial index's 1.1 percent gain led the gainers among the 10 major S&P sector
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