📊 Major U.S. indices extend gains to a fifth week; banks’ earnings power S&P 500 and Dow Jones to new highs

S&P: 5,815.03 (+0.6%)
DJIA: 42,863.86 (+1.0%)
Nasdaq-100: 20,271.98 (+0.2%)
Eurostoxx: 5,003.92 (+0.7%)
U.S. crude futures: 75.56 (-0.4%)

Major indices closed higher on Friday, notching in a fifth consecutive week of gains. Banks kicked off the third quarter results season, with JPMorgan and Wells Fargo announcing stronger than expected profits, boosting the S&P 500 to a new high and closing above 5,800 for the first time. The Dow Jones notched in a new record high as well, jumping more than 400 points to close 1.0% higher. Meanwhile, the Nasdaq-100 inched 0.2% higher, closing 2% away from its all time high.

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