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Dow trades slightly higher as JPMorgan, Citi, Wells Fargo kick off earnings season

U.S. stock-index benchmarks on Friday tipped slightly higher as second-quarter profits unofficially kicked off with some of the country's biggest banks, led by way of JPMorgan Chase & Co. JPM, -0.46% Wells Fargo & Co. WFC, -1.20% and Citigroup Inc. C, -2.20% The Dow Jones Industrial Average DJIA, +0.38% rose 36 points, or 0.2%, at 24,962, the S&P 500 index SPX, +0.11% edged slightly higher, up less than 0.1%, at 2,797, whilst the Nasdaq Composite Index COMP, +0.03% barely edged up 0.1% at 7,829. The subdued opening business comes after JPMorgan Chase & Co. reported second-quarter results that have been better than expected, whilst Citi reported earnings ignored analysts estimates for earnings, Wells Fargo & Co. posted results that got here in beneath expectations. For the week, the S&P 500 was on the right track for a 1.four% advance, the Nasdaq was eyeing a 1.8% weekly rally and the Dow was set for a 1.9% upward thrust for the week. This is ready to be the second one immediately weekly advance for all three, as well as the Dow's best possible week since early June.