The U.S. dollar rose against the euro and the yen. Light sweet crude oil for February delivery rose 14 cents to $91.54 a barrel on the New York Mercantile Exchange. Gold futures fell $26.50 to $1,360.50 an ounce.
In U.S. company news, J.P. Morgan Chase reported a 47 percent jump in fourth-quarter profits to $4.8 billion, beating analyst expectations. However, the investment bank also increased its reserve for mortgage-related legal expenses for the second straight quarter.
The Dow Jones industrial average rose 55.48, or 0.5 percent, to 11,787.38. Bank of America and American Express led the Dow in percentage increases after a strong earnings report from J.P. Morgan Chase. Intel was one to the biggest losers despite strong profits.
The broader Standard & Poor’s 500 index rose 9.48, or 0.7 percent, to 1,293.24. The technology-heavy Nasdaq composite index rose 20.01, or 0.7 percent, to 2,755.30.
--SPA
http://www.spa.gov.sa/English/ListNewsInCat.php?pg=1&catid=11
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