NEW YORK, Oct 14 (APP/AFP) – Wall Street stocks rose modestly Friday following solid earnings from large banks, but Twitter sank on reports that would-be suitor Salesforce.com has walked away from a takeover. JPMorgan Chase, Citigroup and Wells Fargo all reported lower third-quarter earnings, but still bested analyst expectations. That helped boost sentiment following disappointing earnings reports earlier in the week, analysts said. Art Hogan, chief market strategist at Wunderlich Securities, also cited solid Chinese inflation and US retail sales data as supportive of stocks. At the closing bell, the Dow Jones Industrial Average stood at 18,138.38, up 0.2 percent. The broad-based S&P 500 rose less than 0.1 percent to 2,132.98, while the tech-rich Nasdaq Composite Index added less than 0.1 percent at 5,214.16.
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US stocks edge higher; Twitter falls
