Thu, 19 Jan 2012 13:33:58 GMT
S&P 500 Index jumps, lifted by banks
S&P 500 Index rallied on Wednesday supported by the financials on the upside. US benchmark index added 1.11% or 14.37 points and finished at 1,308.04 with all 10 sectors posting gains. Goldman Sachs jumped 6.8% after the bank reported 58% or less than expected drop in profits. Morgan Stanley, which due to report earnings on Thursday morning, also advanced 6.8%.