{"id":353438,"date":"2021-10-15T22:37:49","date_gmt":"2021-10-15T19:37:49","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dow-surges-nearly-400-points-on-strong-goldman-profits-retail-spending\/"},"modified":"2021-10-15T22:37:49","modified_gmt":"2021-10-15T19:37:49","slug":"dow-surges-nearly-400-points-on-strong-goldman-profits-retail-spending","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dow-surges-nearly-400-points-on-strong-goldman-profits-retail-spending\/","title":{"rendered":"#Dow surges nearly 400 points on strong Goldman profits, retail spending"},"content":{"rendered":"<p>&#8220;<strong>#Dow surges nearly 400 points on strong Goldman profits, retail spending<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>US\u00a0stocks\u00a0rose on Friday as Goldman Sachs was the latest big bank to report strong results and better-than-expected retail sales eased worries about demand.<\/p>\n<p>The Dow Jones Industrial Average rose 395.05 points, or 1.13%, to 35,307.61, the S&amp;P 500 gained 35.98 points, or 0.81%, to 4,474.24 and the Nasdaq Composite added 72.49 points, or 0.49%, to 14,895.92.<\/p>\n<p>The three major stock indexes were on track to post gains for the week as well.<\/p>\n<p>Goldman Sachs Group jumped 3.4%, giving the Dow its biggest boost, as a record wave of dealmaking activity drove a surge in the bank\u2019s quarterly profit.<\/p>\n<p>Other big lenders also rose, and the S&amp;P 500 bank index was up 2.6%.<\/p>\n<p>Results from the big financial institutions this week have provided a strong start to third-quarter US earnings, though investors will still be watching for signs of impacts from supply-chain disruptions and higher energy and other prices in the coming weeks.<\/p>\n<p>S&amp;P 500 earnings are now forecast to have risen 32% in the third quarter from a year ago. The forecast, based on results from 41 of the S&amp;P 500 companies and estimates for the rest, is up from 29.4% at the start of October, according to IBES data from Refinitiv.<\/p>\n<p>\u201cWe\u2019re starting to get into an earnings-driven rally here that I hope lasts. We\u2019ll really see the results in the next couple of weeks as a great bulk of companies in all sectors report,\u201d said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/dow-surges-400-points2.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Stock prices whiz by on a ticker near the Goldman Sachs booth on the floor of the New York Stock Exchange\" class=\"wp-image-19817279\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/dow-surges-400-points2.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/dow-surges-400-points2.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/dow-surges-400-points2.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Goldman Sachs jumped 3.4 percent, giving the Dow its biggest boost.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>Investors also digested a Commerce Department report that showed retail sales rose unexpectedly in September, while a preliminary reading for consumer sentiment in October came slightly below expectations.<\/p>\n<p>Airlines and other <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a>-related company shares edged higher, with the White House announcing it will lift travel restrictions for fully vaccinated foreign nationals effective Nov. 8, at land borders and for air travel.<\/p>\n<p>The S&amp;P 1500 Airlines index was up 0.3%, while cruise operator Carnival Corp was up 0.7%.<\/p>\n<p>Moderna Inc shares were down 3.5%. A Wall Street Journal report, citing people familiar with the matter, said the US Food and Drug Administration is delaying its decision on authorizing Moderna\u2019s COVID-19 vaccine for adolescents to check if the shot could increase the risk of heart inflammation.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/dow-surges-400-points3.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"A shopper looks at shoes on the shelves of a store\" class=\"wp-image-19817296\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/dow-surges-400-points3.jpg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/dow-surges-400-points3.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/dow-surges-400-points3.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>A Commerce Department report showing retail spending rose unexpectedly in September also helped to boost the stock market.  <\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> came a day after an FDA panel voted to recommend booster shots of its COVID-19 vaccine for Americans age 65 and older and high-risk people.<\/p>\n<p>Shares of cryptocurrency and blockchain-related firms including Riot Blockchain gained as bitcoin hit $60,000 for the first time since April.<\/p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.74-to-1 ratio; on Nasdaq, a 1.23-to-1 ratio favored advancers.<\/p>\n<p>The S&amp;P 500 posted 54 new 52-week highs and no new lows; the Nasdaq Composite recorded 116 new highs and 46 new lows.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/10\/15\/dow-surges-nearly-400-points-on-strong-goldman-profits-retail-spending\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Dow surges nearly 400 points on strong Goldman profits, retail spending&#8221; US\u00a0stocks\u00a0rose on Friday as Goldman Sachs was the latest big bank to report strong results and better-than-expected retail sales eased worries about demand. The Dow Jones Industrial Average rose 395.05 points, or 1.13%, to 35,307.61, the S&amp;P 500 gained 35.98 points, or 0.81%, to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":353439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/dow-surges-400-points.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[117554,74694,73977,70790,72388],"class_list":["post-353438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-15-21","tag-consumer-spending","tag-dow-jones-industrial-average","tag-goldman-sachs","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/353438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=353438"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/353438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/353439"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=353438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=353438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=353438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}