Largest US lender JP Morgan Chase & Co was up 0.2% after it posted a smaller-than-expected 51% drop in second-quarter profit.
The S&P US Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on US exchanges by total market cap, logged a weekly rise of 6 per cent
Strategists said investors may be taking profits after the recent run higher.
The tech-heavy Nasdaq, by contrast, hit a record high for the fourth straight session, with gains for Apple Inc, Amazon.com Inc and Microsoft Corp driving rally
The Dow Jones Industrial Average rose 690.7 points, or 3.19%, to 22,327.48, the S&P 500 gained 85.18 points, or 3.35%, to 2,626.65 and the Nasdaq Composite added 271.77 points, or 3.62%, to 7,774.15
The Dow Jones Industrial Average rose 1,985 points, or 9.36%, to 23,185.62, the S&P 500 gained 230.38 points, or 9.29%, to 2,711.02
The S&P index recorded two new 52-week highs and 135 new lows, while the Nasdaq recorded eight new highs and 415 new lows.
(Reuters) - The S&P 500 jumped to a three-week high on Tuesday, led by Apple, Amazon, Facebook and industrial shares on bets that the United States and China would strike a deal to end their trade war.
NEW YORK (Reuters) - U.S. stocks closed near record highs on Friday after the largest U.S. bank, JPMorgan Chase & Co, soothed worries that the first-quarter earnings season would dampen Wall Street's big rally back from last year's slump.
LONDON (Reuters) - The U.S. benchmark S&P 500 stock index will scale new peaks above 3,000 in the second quarter before topping out, Bank of America Merrill Lynch (BAML) said on Friday as data showed more cash was pulled from global equities this week.
For the first time in over two years, corporate profit margins are falling
The worst year since 1937 for the S&P 500 saw the index fall 33 per cent in 115 days as a weakening economy, rising unemployment and spiking inflation pushed investors to head for the exits
The S&P500 index had plunged 15 per cent in December
S&P 500 at cheapest relative to forward earnings since 2013
The Dow Jones Industrial Average finished the week with a loss of nearly seven per cent, after losing 1.8 per cent or more than 400 points Friday
The two stocks jostled for the top spot over the course of the week, with Microsoft's stock market value exceeding Apple's at several points in intra-day trading but not at the close
Both companies' market capitalizations were calculated using outstanding shares reported in their most recent 10-Q filings
Now, in the middle of earnings season, their support has gone missing, and the result has been something less than a catastrophe
US. stocks saw their biggest one-day fall in six years on Monday, as investor profit taking brought the market back down from record highs seen in late January
Stocks and the greenback tanked mid-session