The New York Stock Exchange turned upwards on the last day of the trading week after the decline the day before. The broad S&P 500 index, the Dow Jones industrial index, and the technology-heavy Nasdaq composite index all climbed 0.6 percent,
Some of the US's major banks presented quarterly figures on Friday. The stock in Wells Fargo, headquartered in San Francisco, fell 6.0 percent, despite the bank's profit being higher than analysts had predicted. However, Wells Fargo expects a lower turnover for the full year 2024 than previously forecast.
New York-based JP Morgan Chase, which also reported a record profit, dropped 1.2 percent. A large part of the profit came from the bank's ownership stake in the credit card giant Visa, and excluding Visa revenues, the profit decreased compared to the corresponding quarter last year.
Calculated over the entire past week, the S&P 500 rose 0.8 percent, the Dow Jones 1.6 percent, and the Nasdaq 0.1 percent.
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