U.S. Stocks Close Higher Led By Bank Rally

U.S. stocks closed higher Wednesday as financial stocks rallied on the back of better-than-expected results from J.P. Morgan Chase & Co. The Dow Jones Industrial Average finished up about 187 points, or 1.1%, at 17,908, led by a 4% gain in shares of J.P. Morgan Chase . The S&P 500 Index gained about 21 points, or 1%, to close at 2,082. The Nasdaq Composite Index finished about 75 points higher, or 1.6%, at 4,947.

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