BNY, Goldman Sachs, BlackRock, Tesla, and More | Global News Avenue

Major U.S. stock indexes surged at midday on Wednesday after several major banks reported strong quarterly results and a key measure of inflation fell short of expectations. The Nasdaq rose more than 2%, the Dow gained 1.5% and the S&P 500 gained 1.6%.

Bank of New York Mellon (buck) Financial company share prices rise report The results were better than expected with record revenue and lower costs.

BlackRock (black) set a record Manage assets And its quarterly results also beat expectations, sending its stock price higher.

Goldman Sachs (GS) Stocks rise as banks blown away Strong trading revenue boosted earnings and revenue forecasts.

Edison International’s stock (axis) and PG&E (computer graphics) higher, there are signs that power lines may not have been the cause of the devastating disaster California wildfires.

Builders FirstSource stock (BLDR) and others in the residential building industry latest inflation report It would make it more likely that the Fed would cut borrowing costs.

Tesla (Tesla) shares rise as Barclays analysts upgrade their ratings price target The stock targets the electric car maker’s work on self-driving cars and artificial intelligence.

Oil and gold futures rose. The 10-year Treasury yield fell. The dollar rose against the euro but fell against the pound and yen. Prices are higher for most major cryptocurrencies.