NEW YORK (Reuters) – U.S. stocks climbed back to near record highs on Friday after the largest U.S. bank, JPMorgan Chase & Co, soothed worries that the first-quarter earnings season would pour cold water on Wall Street’s big rally back from last year’s slump.
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid/File Photo
The S&P 500 has come within a percent of September’s record closing high, regaining ground lost after a punishing sell-off in the closing months of the year which brought the benchmark index within a rounding error of bear market territory.
Since then, the three major indexes notched their best quarterly gains in nearly a decade in the first