US open: Stocks edge up despite drag from banks

Wall Street's main stock market gauges were moving higher again at the end of the week, helped by the latest quarterly results out of J.P.Morgan and better-than-expected economic data.

At 1541 BST, the Dow Jones Industrial Average was ahead by 0.23% to 34,475.02, while the S&P 500 edging up by 0.09% to 4,514.06.

The Nasdaq Composite meanwhile was up by 0.26% at 14,176.09.

Nevertheless, the KBW Bank Index was down by 2.17% to 82.43.

Shares of J.P.Morgan were just 0.24% higher - albeit after hitting fresh 52-week highs - having given back most of its initial gains following its latest quarterly results.

The banking heavyweight beat the Street's estimates for both its top and bottom lines.

Citigroup and Wells Fargo shares meanwhile had turned lower on the back of their latest results.

The economic news on Friday however was more upbeat.

According to the University of Michigan, its consumer sentiment index rose from the 64.4 level in June to 72.6 in July.

Import prices meanwhile were reported as down by 0.2% month-on-month in June (consensus: 0.1%), although the prior month's drop was revised up.

Yields on benchmark 10-year US Treasuries were up by one basis point to 3.78%.

Front-dated West Texas Intermediate crude oil futures dropped 1.7% to $75.2 a barrel on the NYMEX.

Dow Jones - Risers

Unitedhealth Group Inc. (UNH) $476.79 6.49%
Microsoft Corp. (MSFT) $347.69 1.47%
JP Morgan Chase & Co. (JPM) $151.03 1.45%
Merck & Co. Inc. (MRK) $107.16 0.79%
Johnson & Johnson (JNJ) $159.58 0.48%
Home Depot Inc. (HD) $315.64 0.33%
Nike Inc. (NKE) $108.07 0.22%
Salesforce.Com Inc. (CRM) $230.78 0.18%
Apple Inc. (AAPL) $190.79 0.13%
Coca-Cola Co. (KO) $60.36 0.02%

Dow Jones - Fallers

Cisco Systems Inc. (CSCO) $50.47 -2.07%
Chevron Corp. (CVX) $154.61 -1.84%
Dow Chemical Co. (DOW) $53.34 -1.60%
Verizon Communications Inc. (VZ) $34.15 -1.41%
Walt Disney Co. (DIS) $89.28 -1.32%
Travelers Company Inc. (TRV) $166.13 -1.24%
3M Co. (MMM) $102.14 -0.70%
Amgen Inc. (AMGN) $226.13 -0.67%
Boeing Co. (BA) $215.41 -0.66%
Caterpillar Inc. (CAT) $254.38 -0.58%

S&P 500 - Risers

Unitedhealth Group Inc. (UNH) $476.79 6.49%
Elevance Health Inc. (ELV) $440.88 5.57%
CIGNA Corp. (CI) $282.36 4.55%
Centene Corp. (CNC) $66.42 4.35%
Advanced Micro Devices Inc. (AMD) $120.20 3.69%
Perrigo Company plc (PRGO) $34.44 3.61%
Nvidia Corp. (NVDA) $476.33 3.60%
Humana Inc. (HUM) $437.39 3.09%
Eli Lilly and Company (LLY) $446.49 2.71%
Copart Inc. (CPRT) $92.64 2.03%

S&P 500 - Fallers

CenturyLink Inc. (LUMN) $1.90 -7.52%
Juniper Networks Inc. (JNPR) $29.24 -6.10%
Corning Inc. (GLW) $34.00 -5.08%
State Street Corp. (STT) $73.79 -4.73%
AT&T Inc. (T) $14.47 -4.31%
Apache Corp. (APA) $36.98 -4.20%
Dish Network Corp. (DISH) $6.84 -3.93%
Bank Of New York Mellon Corp. (BK) $44.18 -3.03%
Northern Trust Corp. (NTRS) $73.90 -2.99%
Zions Bancorporation (ZION) $31.06 -2.94%

Nasdaq 100 - Risers

Nvidia Corp. (NVDA) $476.33 3.60%
Asml Holdings N.V. (ASML) $768.59 2.38%
Applied Materials Inc. (AMAT) $144.84 1.54%
Microsoft Corp. (MSFT) $347.69 1.47%
Alphabet Inc. Class C (GOOG) $126.56 1.38%
Alphabet Inc. Class A (GOOGL) $126.20 1.33%
Cadence Design Systems Inc. (CDNS) $242.68 1.32%
Activision Blizzard Inc. (ATVI) $90.70 1.29%
Hologic Inc. (HOLX) $80.28 1.26%
Intuitive Surgical Inc. (ISRG) $351.27 1.24%

Nasdaq 100 - Fallers

Qurate Retail Inc. (QRTEA) $1.09 -6.03%
Trip.com Group Limited (TCOM) $36.44 -4.13%
Dish Network Corp. (DISH) $6.84 -3.93%
JD.com, Inc. (JD) $38.00 -3.46%
Sirius XM Holdings Inc (SIRI) $4.76 -2.66%
Baidu Inc. (BIDU) $148.70 -2.37%
Analog Devices Inc. (ADI) $193.60 -2.36%
Cisco Systems Inc. (CSCO) $50.47 -2.07%
Illumina Inc. (ILMN) $185.58 -1.72%
Ross Stores Inc. (ROST) $109.64 -1.65%