Shaky results from Wells Fargo and other banks hit US stocks

NEW YORK — U.S. stock indexes are slightly higher Friday as energy companies rise with oil prices. Industrial companies and household goods makers are also higher. Banks are slipping as investors aren’t finding much to get excited about in second-quarter reports from JPMorgan Chase, Citigroup and Wells Fargo. AT&T is falling after the Department of Justice asked a court to overturn its purchase of Time Warner.

KEEPING SCORE: The S&P 500 index was up 3 points, or 0.1 percent, to 2,801 as of 2:15 p.m. Eastern time. It had fallen as much as 6 points in early trading, then rose as much as 6 points before giving up about half of that gain.

The Dow Jones Industrial Average added 106 points, or 0.4 percent, to 25,031. The Nasdaq composite gave up an early gain and fell 2 points to 7,821 after it closed at a record high on Thursday. The Russell 2000 index of smaller-company stocks fell 1 point, or 0.1 percent, to 1,689.

Major indexes are on track for their second consecutive week of solid gains following a modest losing streak over the previous two weeks. Investors continued to waver between optimism about the growing U.S. economy, and the strong company earnings that come with it, and worries that the U.S.-China trade war and other trade disputes could set back the global economy.

BANK RESULTS: The fallout from Wells Fargo’s phony accounts scandal continued to harm its business, and the largest U.S. mortgage lender posted a smaller profit than analysts expected. Its stock gave up 0.9 percent to $55.53. Citigroup fell 1.9 percent to $67.19 after it reported weak revenue growth. JPMorgan Chase fared better and picked up 0.2 percent to $107.03 While bank profits are surging this year, much of the growth has come from last year’s corporate

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