Why State Street Stock Jumped Nearly 10% Friday
State Street Corp. (NYSE: STT) surged higher on Friday after posting second-quarter earnings that beat analysts' estimates. Overall, it was a good day on the markets as the S&P 500 was up 1.7% and the Dow Jones Industrial Average was up 592 points, as of 3:45 p.m. ET. State Street's gains can be attributed to its solid second-quarter earnings report, released this morning.