The Dow Jones Industrial Average closed up 292 points, with Morgan Stanley rising nearly 6%, leading bank stocks

AASTOCKS
2026.01.15 21:08

The number of initial jobless claims in the United States unexpectedly fell to 198,000 last week, leading to a strong opening and rally in U.S. stocks on Thursday. The Dow Jones Industrial Average rose as much as 431 points, closing up 292 points or 0.6% at 49,442 points. The Nasdaq's gains narrowed, closing up 58 points or 0.3% at 23,530 points; the S&P 500 index closed up 17 points or 0.3% at 6,944 points.

Bank stocks rebounded, with Morgan Stanley (MS.US) reporting fourth-quarter earnings that exceeded expectations, and wealth management revenue hitting a record high, causing its stock price to rise 5.8%. Goldman Sachs (GS.US) saw a 12% increase in net profit for the fourth quarter, also surpassing expectations, with its stock price rising 4.6%. Citigroup (C.US) rose 4.5%, while JPMorgan (JPM.US) edged up 0.5%.

Chip stocks performed well, with Taiwan Semiconductor Manufacturing Company (TSM.US) reporting a 35% year-on-year increase in quarterly net profit, exceeding expectations, and its ADR stock price rising 4.4%. NVIDIA (NVDA.US) rose 2.1%, and Micron (MU.US) rose 1%

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