⚠️BREAKING: *WALL ST CLIMBS TO NEW 52-WEEK HIGHS AS EARNINGS TAKE CENTER STAGE $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
- Wall Street rose on Wednesday, as investors looked past weak second-quarter earnings from Goldman Sachs , while taking comfort from strong profits of some of the smaller players in the sector.
Goldman Sachs added 1.6%, even after reporting a bigger-than-expected drop in quarterly profit on the back of a retreat from the Wall Street behemoth's consumer businesses and declining investment values. Big U.S. lenders rallied on Tuesday after they said higher interest rates had helped boost profits in the second quarter.
"Big banks have certainly set a positive tone for the start of Q2 reporting season," said Mike Loewengart, head of model portfolio construction at
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