Wall Street ends the week higher as big-bank earnings season approaches
The Dow rose 0.8% and the S&P 500 and Nasdaq 0.6% on Friday, logging weekly gains; Brent settled at $104.72 and the 10-year Treasury yield was about 5.24%.
US stocks closed higher on Friday, 9 October, and all three major indexes logged weekly gains, Reuters and AP reported.
Friday’s close
- Dow Jones Industrial Average: +423.31 points (+0.83%) to 51,654.95;
- S&P 500: +0.59% to 7,811.54 — its first gain since hitting an all-time high three days earlier (AP);
- Nasdaq Composite: +0.64% to 27,366.17.
Brent crude swung between about $102.50 and $105 before settling at $104.72, up 0.4%, as markets weighed President Trump’s pledge not to attack Iran before the midterms and his announced Russian diesel deal. Bloomberg reported the 10-year Treasury yield at about 5.24% and spot gold up 1.6% to around $4,200 an ounce; the dollar was heading for its longest run of weekly gains since early 2025.
What comes next
Third-quarter earnings season starts in earnest next week, with JPMorgan Chase, Goldman Sachs, Citigroup, Wells Fargo, Bank of America and Morgan Stanley due to report. Analysts expect aggregate S&P 500 earnings growth of 30.6% year on year, led by energy (+123%) and technology (+66.5%), according to LSEG data cited by Reuters. US inflation data are also due. The Treasury cash market is closed on Monday for Columbus Day.
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