Markets wrap: Megacap tech rallies as 10-year bond yield drops

Some corporate highlights:

– JPMorgan Chase & Co.’s dealmakers posted their best quarter yet, riding what’s on track to be a record year for mergers and acquisitions. Still, shares fell as consumer and commercial loan growth remained challenged.

– American Express Co. and other credit-card issuers tumbled as JPMorgan attributed weakness in its card business to rising costs on marketing and promotions, sparking concern over heightened competition.

Here are a few events to watch this week:

– Bank of America Corp., Morgan Stanley and Citigroup Inc. report earnings on Thursday

– U.S. initial jobless claims, PPI on Thursday

– Goldman Sachs Group Inc. reports earnings on Friday

– U.S. business inventories, University of Michigan consumer sentiment, retail sales on Friday

Some of the main moves in markets:

– – –

– The S&P 500 rose 0.3% as of 4 p.m. New York time

– The Nasdaq 100 rose 0.8%

– The Dow Jones industrial average was little changed

– The MSCI World index rose 0.5%

– The Russell 2000 index rose 0.3%

– – –

– The Bloomberg Dollar Spot Index fell 0.5%

– The euro rose 0.5% to $1.1593

– The British pound rose 0.5% to $1.3660

– The Japanese yen rose 0.3% to 113.29 per dollar

– – –

– The yield on 10-year Treasuries declined four basis points to 1.54%

– Germany’s 10-year yield declined four basis points to -0.13%

– Britain’s 10-year yield declined six basis points to 1.09%

– – –

– West Texas Intermediate crude fell 0.1% to $80.54 a barrel

– Gold futures rose 1.9% to $1,793.30 an ounce