Dow Jones: Dow and Entertainment Giant

dow jones: How did the benchmarks fare The Dow Jones Industrial Average DJIA, 1.03% gained 269.25 points, or 1%, to end at 26,412.30, while the S&P 500 index SPX, 0.66% rose 19.09 points, or 0.7%, to finish at 2,907.41, according to Market Watch. The Nasdaq Composite Index COMP, 0.46% advanced 36.80 points, or 0.5%, to close at 7,984.16. The rise by the blue-chip gauge was paced by gains for shares of JPMorgan and Walt Disney Company, which rallied after the entertainment giant unveiled plans for its new streaming service. For the week, while the S&P 500 gained 0.5% and the Nasdaq added 0.6% while the Dow edged down 0.1%. What drove the market Quarterly results from Dow component JPMorgan Chase & Co., which kicked off a new earnings season early Friday, were better than expected, while Wells Fargo & Co. also posted robust revenue and in-line earnings. U.S. import prices rose sharply in March for the second straight month, the government said, though most of the 0.6% jump in March can be blamed on rising fuel prices. Strong bank earnings bolstered confidence in the underlying economy, and JPMorgan Chief Executive James Dimon further underscored this message, noting that, Even amid some global geopolitical uncertainty, the U.S. economy continues to grow, employment and wages are going up, inflation is moderate, financial markets are healthy and consumer and business confidence remains strong. (news.financializer.com). As reported in the news.