Investing.com - U.S. shares traded higher Friday, despite a huge USD2 billion trading loss at JP Morgan Chase depressIing equities, as positive consumer sentiment turned stocks higher in early trade.
Near the open of U.S. trade, the Dow Jones Industrial Average gained 0.22%, the S&P 500 up 0,12%, while the Nasdaq Composite gained 0.76%.
Depressing stocks, JP Morgan Chase & Co reported a USD2 billion trading loss sending investors fleeing from equities sending early prices sharply lower.
However, U.S. UoM consumer sentiment rose unexpectedly last month, preliminary data indicated Friday.
In a report, the University of Michigan said that consumer sentiment rose to a seasonally adjusted 77.8, from 76.4 in the preceding month.
Analysts had expected UoM consumer sentiment to fall to 76.2 last month.
Meanwhile in Europe, Antonis Samaras, leader of Greece’s New Democracy Party, reported that the four rival parties have accepted terms of no exit from the euro region.
JP Morgan Chase gave back 9% on their trading loss, leading bank stocks lower.
Nvidia advanced 8.2% after beating second quarter sales estimates.
In the midst of European trade, the EURO STOXX 50 traded down 0.28%, France's CAC 40 fell 0.54% and Germany’s DAX pushed higher by 0.33%. Meanwhile, in the U.K. the FTSE 100 traded higher by 0.12%.
Near the open of U.S. trade, the Dow Jones Industrial Average gained 0.22%, the S&P 500 up 0,12%, while the Nasdaq Composite gained 0.76%.
Depressing stocks, JP Morgan Chase & Co reported a USD2 billion trading loss sending investors fleeing from equities sending early prices sharply lower.
However, U.S. UoM consumer sentiment rose unexpectedly last month, preliminary data indicated Friday.
In a report, the University of Michigan said that consumer sentiment rose to a seasonally adjusted 77.8, from 76.4 in the preceding month.
Analysts had expected UoM consumer sentiment to fall to 76.2 last month.
Meanwhile in Europe, Antonis Samaras, leader of Greece’s New Democracy Party, reported that the four rival parties have accepted terms of no exit from the euro region.
JP Morgan Chase gave back 9% on their trading loss, leading bank stocks lower.
Nvidia advanced 8.2% after beating second quarter sales estimates.
In the midst of European trade, the EURO STOXX 50 traded down 0.28%, France's CAC 40 fell 0.54% and Germany’s DAX pushed higher by 0.33%. Meanwhile, in the U.K. the FTSE 100 traded higher by 0.12%.