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S&P 500 Rises Over 1%; Citigroup Reports Upbeat Q2 Results
U.S. stocks traded higher toward the end of trading, with the Dow Jones index surging past the 40,000 mark on Friday.
The Dow traded up 1.09% to 40,187.34 while the NASDAQ rose 1.30% to 18,521.69. The S&P 500 also rose, gaining, 1.12% to 5,647.26.
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Leading and Lagging SectorsInformation technology shares jumped by 1.5% on Friday.
In trading on Friday, communication services shares fell by 0.2%.
Top Headline
Citigroup Inc (NYSE:C) reported better-than-expected results for its second quarter.
The bank posted a second-quarter fiscal 2024 revenue growth of 4% year-over-year to $20.14 billion, beating the analyst consensus estimate of $20.07 billion. GAAP EPS of $1.52 beat the analyst consensus estimate of $1.39.
Equities Trading UP
Vicinity Motor Corp. (NASDAQ:VEV) shares shot up 114% to $0.7251 after the company announced CARB certification for the VMC 1200 class 3 electric truck.
Shares of Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) got a boost, surging 46% to $8.80 following FY23 earnings.
Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) ...