Wall Street set to open higher as bank stocks rise

Wall Street set to open higher as bank stocks rise
 

U.S. stock index futures pointed to a higher open on Friday as a set of upbeat results from big U.S. banks and robust economic data boosted investor sentiment.
Shares of JPMorgan (JPM.N), Citigroup (C.N) and other big U.S. banks rose more than 1 percent in premarket trading after better-than-expected quarterly revenue reports.
Investors are awaiting Federal Reserve Chair Janet Yellen's speech at noon in Boston, where she is likely to offer more insight into the growing sentiment among policymakers to raise interest rates relatively soon.
Sustained growth in the labor market and improving... read more

 
14 October 2016 in World News, Views: 31
Source: Reuters
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