Markets rose after JPMorgan Chase & Co. said its net income rose to $4.42 billion in the third quarter, although revenues dropped 15 percent to $24.3 billion.
In early-afternoon trading Dow Jones industrial average rose 108.27 points, 0.98 percent, to 11,128.67. The Standard & Poor's 500 index rose 0.97 percent, 11.29 points, to 1,181.06. The Nasdaq composite index added 1.21 percent, 26.98, to 2,444.90.
The benchmark 10-year Treasury note fell 1/32 to yield 2.431 percent.
The euro rose to $1.3956 from Tuesday's $1.3916. Against the yen, the dollar fell to 81.77 yen from Tuesday's 81.85 yen.
In Japan, the Nikkei 225 index added 0.16 percent, 14.87, to 9,403.51.
In Britain, the FTSE 100 index gained 1.51 percent, 85.76, to 5,747.35.
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