14-07-2016 22:48 via news.yahoo.com

Wall St. sets another record as JPMorgan leads banks higher

Financial stocks led the S&P 500 and the Dow industrials to record highs on Thursday after JPMorgan’s strong quarterly results, while upbeat economic data cemented bets that the current rally on Wall Street can chug along. JPMorgan , the biggest U.S. bank by assets and the first among its peers to issue results this earnings season, reported a much better-than-expected rise in quarterly revenue. The bank’s shares rose 1.5 percent to $64.12, while the S&P financial index rose
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