Futures Cimb on Vaccine Hopes, Goldman's Huge Profit Beat

Wednesday 1441/11/24 - 2020/07/15
  • Share on Google+

New York, Jul 15, 2020, SPA -- Futures linked to the S&P 500 and the Dow indexes hit near five-month highs on Wednesday as signs of progress in developing a COVID-19 vaccine and a much better-than-expected quarterly profit for Goldman Sachs brightened the mood, Reuters reported.
The U.S. lender jumped 4.6% before the bell as its trading revenue doubled in the second quarter, driven by big swings in stock and bond markets since March.
Morgan Stanley gained 2.8% and Bank of America rose 2.8% ahead of their results on Thursday which would wrap up earnings from the big six U.S. banks.
The three main U.S. stock indexes have recouped most of their losses from the coronavirus-led slump, with a raft of stimulus measures and encouraging economic data lifting the S&P 500 to within 6% of its record high in February.
--More
16:24 LOCAL TIME 13:24 GMT
0007