Stocks – Dow Surges Over 300 Points; Banks Rally After Earnings

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Wall Street rose after the opening bell.

Investing.com – Wall Street surged on Friday as reasonably positive bank earnings and an appetite for beaten-down shares spurred buying after a four-day equity selloff.

The rose 35 points, or 1.31%, to 2,764.14 as of 9:44 AM ET (13:44 GMT), while the increased 307 points, or 1.23%, to 25,360.33 and the tech-heavy was up 143 points, or 1.96%, to 7,472.81.

JPMorgan Chase (NYSE:), Citigroup (NYSE:) and Wells Fargo (NYSE:) each posted , which was enough to boost stock prices. JPMorgan was up 0.85%, while Citigroup gained 3.26% and Wells Fargo rose 1.65%.

Technology stocks were also up, with Microsoft (NASDAQ:) up 2.45% after Macquarie upgraded shares to outperform from neutral with a

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