03:47 PM EDT, 10/11/2024 (MT Newswires) -- US benchmark equity indexes were on track to close higher Friday, buoyed in part by post-earnings rallies in JPMorgan Chase ( JPM ) and Wells Fargo ( WFC ) shares.

The Dow Jones Industrial Average was up 1% at 42,889.2, while the S&P 500 rose 0.7% to 5,821.6. The Nasdaq Composite increased 0.5% to 18,363.5. Among sectors, financials led the gainers. Only consumer discretionary was declining.

JPMorgan ( JPM ) shares jumped after the banking giant's Q3 earnings unexpectedly rose year over year, while revenue topped market estimates, buoyed by gains in its investment banking operations.

Wells Fargo's ( WFC ) Q3 results declined on a yearly basis, but earnings topped market estimates as trading gains and investment banking fees helped drive noninterest income higher.

The US two-year yield fell 5.4 basis points to 3.95%, while the 10-year rate was down 1.1 basis points at 4.08%.

West Texas Intermediate crude oil dropped 0.5% to $75.5 a barrel.