S&P, Dow open higher as bank shares rise

  • S&P, Dow open higher as bank shares rise

S&P, Dow open higher as bank shares rise

The Standard & Poor's 500 index rose 18.68 points, or 0.7 percent, to 2,786.24.

The Internal Revenue Service is working on what you'll pay in taxes next year.

The Russell 2000 is up 56.46 points, or 3.7 percent.

The Dow Jones Industrial Average and S&P 500 index opened higher on Friday, extending their run into the record books, as fourth-quarter corporate earnings season kicked off. The tech-heavy Nasdaq Composite Index is up by more than 5 percent.

Most large technology shares also rose, with Apple, Amazon, Google-parent Alphabet and Microsoft all winning one percent or more. Home Depot rose 1.6 percent and Walmart rose 1 percent.

The S&P 500 is up 112.63 points, or 4.2 percent.

"A lot of these companies like Target and Home Depot are getting on with the internet ecosystem of e-commerce", said Josh Jalinski, president of Jalinski Advisory Group.

Sales at online retailers soared 1.2 percent in December.

USA stock indexes on Friday closed out what has been a stellar start to a calendar year for equity trading.

This as Facebook slides 4% on newsfeed changes which are expected to weaken engagement.

Advancing issues outnumbered decliners on the NYSE by 1,557 to 1,220.