Banks Lift S&P 500 to New Record High

Written By Timmy Adami

October 11, 2024

MRKT Matrix - Friday, October 11th

  • Dow jumps 400 points to a record on Friday, S&P 500 closes above 5,800 for the first time (CNBC)

  • JPMorgan Chase shares pop 5% after topping estimates on better-than-expected interest income (CNBC)

  • Wells Fargo shares jump after earnings top Wall Street expectations (CNBC)

  • S&P 500 Will Likely Report Earnings Growth Above 7% For Q3 (FactSet)

  • Earnings growth should continue to drive the S&P 500, says UBS (CNBC)

  • Tesla shares drop 8% after Cybercab robotaxi reveal ‘underwhelmed’ investors (CNBC)

  • US Consumer Sentiment Unexpectedly Falls on High Cost of Living (Bloomberg)

  • Jamie Dimon for Treasury Secretary: The Idea That Never Fades (Bloomberg)

  • Jalen Brunson Is the Player the NBA Needs Right Now (Bloomberg)

Timmy Adami
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