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Tech, financial gains push Wall Street to record close

Tech, financial gains push Wall Street to record close
Banks' stocks rise after strong earnings

By Ovunc Kutlu

NEW YORK (AA) - Gains by banking firms and tech companies helped push Wall Street to a record close Monday.

After strong third quarter results, Bank of America and JPMorgan Chase saw their shares rise 1.6 percent and 2.1 percent, respectively.

Each firm announced last week net income increases of between 4 and 8 percent in the July-September period, compared to the same time a year ago.

Apple also saw its stock increase 1.8 percent as the company's next generation iPhone X nears its Nov. 3 release date.

The Dow added 85 points to close at 22,956 and the S&P rose four points to 2,557.

The Nasdaq increased 18 points to finish the first trading day of the week at 6,624.

source: News Feed
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