Dow Skyrockets 530 Points As Earnings Season Begins

by The Chicago Times Business Staff

October 14, 2021

NEW YORK — Investors considered optimistic earnings from key banks, as well as economic data showing a reduction in first-time jobless claims to a historic low and a smaller-than-expected rise in producer prices, as U.S. equities closed considerably higher on Thursday.

The Dow Jones Industrial Average gained 534.75 points to end the day at 34,912.56.  The S&P 500 closed up 74.46 point to end at 4,438.26.  Finally, the technology heavy Nasdaq earned 251.79 points to close the day at 14,823.43.

The corporate earnings season is heating up, with a handful of major banks exceeding expectations.