US stocks rose on Tuesday ahead of vital inflation reports and as financial shares gained before earning reports. The increase in stock prices followed optimism from JPMorgan and other US banks, which are expected to publish higher Q2 profits due to rising interest payments despite a reduction in deal-making.
US stocks: Wall Street ends higher; JPMorgan, financial shares gain
US stocks rose on Tuesday ahead of vital inflation reports and as financial shares gained before earning reports. The increase in stock prices followed optimism from JPMorgan and other US banks, which are expected to publish higher Q2 profits due to rising interest payments despite a reduction in deal-making.