A stock market is a place where people can buy and sell parts of companies, called shares. Sometimes, these shares are worth more or less than before, depending on how well the company is doing. On this day, many people bought and sold shares, and at the end of the day, the total value of all the shares went up a little bit. One important company, State Street, made more money than people thought they would, so their shares became more valuable too. Read from source...

1. The article title is misleading and sensationalized. It implies that the S&P 500 gaining 1% and State Street reporting upbeat earnings are somehow related or significant events. However, both of these occurrences are normal and expected in the stock market, especially given the low interest rate environment and inflationary pressures.