Banks, tech lead USA stocks to modest gains

Banks, which benefit from higher interest rates and are scheduled to report quarterly earnings on Friday, fared less well.

The Dow Jones industrial average gained 84.65 points, or 0.4 percent, to 21,637.74, a record.

The S&P 500 climbed 0.6% to close at 2459, setting intraday high and closing records. This was despite a mixed batch of second-quarter earnings from three major banks weighing on equities.

For the week, the S&P 500 was up 1.4 percent, the Dow rose 1.1 percent and the Nasdaq of mainly technology stocks was up 2.6 percent.

Stocks wrestled to a healthy finish Thursday in a session where early gains were dented by Senate testimony from Federal Reserve Chair Janet Yellen.

In corporate news, JPMorgan Chase reported quarterly net income of seven billion usa dollars, up 13 percent year-on-year.

Aru team-mate Fuglsang quits Tour de France
The Italian Fabio Aru (Astana) has dispossessed the British Chris Froome in the yellow jersey at the end of this first of two days in the pyrenees.

The index for all items less food and energy rose 0.1 percent in June, its third straight such increase. The S&P 500 gained 11.44 points, or 0.47 percent, to 2,459.27.

USA stocks gained on Thursday, with the Dow Jones closing at a record for the 24th time in 2017, led by financials ahead of a roster of corporate results from the US's biggest banks. Shares of Microsoft Corp (NASDAQ: MSFT) rose 1.4%.

The Toronto Stock Exchange's S&P/TSX composite index was up 16.59 points to 15,151.59 after 90 minutes of trading.

Advancing issues outnumbered declining ones on the NYSE by a 3.24-to-1 ratio; on Nasdaq, a 1.53-to-1 ratio favored advancers.

About 5.3 billion shares changed hands on USA exchanges, compared with the 6.7 billion daily average for the past 20 trading days, according to Thomson Reuters data.

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