Goldman profit beat, easing rate-hike bets drive Wall St higher

Published by
Reuters

By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) – U.S. stock indexes rose on Monday after Goldman Sachs beat profit expectations, extending last week’s positive momentum amid easing bets of a super-sized interest-rate hike by the Federal Reserve. The Dow rose over 200 points in early trading, picking up from Friday when U.S. economic data showed stronger-than-expected retail sales, an uptick in consumer sentiment and lower inflation expectations. Goldman Sachs Group Inc gained 4.2% as it reported a smaller-than-expected 48% slump in second-quarter profit, helped by strength in its fixed…

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