Wall Street Hits Record Highs Amid Strong Bank Earnings and Economic Optimism

U.S. stock indices continue their winning streak as robust bank earnings and positive economic indicators drive market gains.

The Dow Jones and S&P 500 have achieved record highs, marking a six-week streak of gains, the longest for both indices in 2024.
Stronger-than-expected earnings from major banks like Goldman Sachs and Bank of America have fueled investor confidence.
Retail sales in September exceeded expectations, and a drop in jobless claims suggests a resilient U.S. economy.
Rising Treasury yields have led to increased mortgage rates, causing a significant decline in homebuyer demand.
Oil prices fell sharply due to easing geopolitical tensions, while gold surged to an all-time high as a safe-haven asset.