“Dow pops 500 points as Wall Street applauds latest bank earnings, strong June retail sales”
July 15, 2022
“…The Dow Jones Industrial Average popped 532 points, or 1.74%. The S&P 500 jumped 1.35% and Nasdaq Composite added 1.06%, but stocks remained on track for weekly losses.
A new round of bank results from Wells Fargo and Citigroup offered further insight into the state of the economy. Wells Fargo rose 2.8% even as quarterly profits declined 48% and the bank set aside funds for bad loans. Citigroup jumped 5.2% as it beat estimates and benefited from a rising rate environment….”
https://www.cnbc.com/2022/07/14/stock-market-futures-open-to-close-news.html