S&P 500, Dow hit records, boosted by bank earnings surprise
- Posted on October 12, 2024
- By Business News Today
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S&P 500, Dow hit records, boosted by bank earnings surprise
The S&P 500 and Dow closed at record highs, boosted by strong earnings from financial companies. JPMorgan Chase, Wells Fargo, and BlackRock led gains. Inflation data also supported expectations for a Federal Reserve rate cut in November. Meanwhile, Tesla shares slumped after unveiling its robotaxi without production details.