Publications
Partners
New York - Strong earnings from JPMorgan Chase boosted US stocks in opening trade on Thursday as equity markets shrugged off the Bank of England's decision not to cut interest rates.
Dow member JPMorgan jumped 2.1% after second quarter earnings and revenues topped expectations. Executives described US growth as solid and said it was too soon to know how the British vote to leave the European Union would affect its operations.
Five minutes into trade, the Dow Jones Industrial Average was at 18 502.10, up 0.7%.
The broad-based S&P 500 climbed 0.6% to 2 165.49, while the tech-rich Nasdaq Composite Index advanced 0.6% to 5 036.89.
Both the Dow and S&P 500 closed at records on Wednesday.
