Dow jumps 550 points | Banks' results lift markets | Stocks that beat and gain on earnings days

The major averages rallied to begin the week, buoyed by banks and tech names.

VIEW IN BROWSER | SUBSCRIBE MON, OCT 17, 2022 EVENING BRIEF AS OF MON, OCT 17, 2022 • 04:45 ET DJIA 30185.82 +1.86% +550.99 S&P 500 3677.95 +2.65% +94.88 NASDAQ 10675.80 +3.43% +354.41 Most Active DOW NAME LAST CHG %CHG AAPL 142.41 +4.03 +2.91% INTC 26.42 +0.51 +1.97% MSFT 237.53 +8.97 +3.92% S&P 500 NAME LAST CHG %CHG BAC 33.62 +1.92 +6.06% AAPL 142.41 +4.03 +2.91% TSLA 219.35 +14.36 +7.01% NASDAQ NAME LAST CHG %CHG AAPL 142.41 +4.03 +2.91% TSLA 219.35 +14.36 +7.01% AMD 57.96 +2.02 +3.61% EDITOR'S NOTE Wall Street enjoyed a nice rally on Monday, as solid bank earnings and some renewed confidence in the British government were welcomed by a beaten-down market.   But after enduring big moves in both directions over the past few weeks, it will be hard for investors to feel that the lows are in for the year or that things will calm down any time soon. Monday was the third straight session where the Nasdaq Composite has moved at least 2%, and the fourth time in October when it has swung more than 3%.  "A spike in volatility is somewhat expected during October, as investors are confronted with a deluge of information, and as they begin contemplating positioning into year-end," Chris Hussey of Goldman Sachs said in a note on Monday.   "However, the seasonal pick-up in volatility is clearly not the only contributor to what markets are currently seeing, as the seasonal increase in investor uncertainty is combined with significant monetary policy catalysts, including monthly inflation metrics."   And as Hussey points out, earnings season will create plenty of opportunities for strong market reactions. Goldman Sachs, Netflix and United Airlines are on deck for Tuesday.  Jesse Pound | CNBC Markets Reporter @jesserpound Watch our live stream for all you need to know to invest smarter. TOP NEWS  Dow closes up 550 points, Nasdaq pops more than 3% as strong bank earnings boost volatile market Goldman CEO David Solomon's latest remix breaks up the bank's struggling consumer finance business UK Prime Minister Liz Truss faces serious pressure to resign after failed budget Bank of America tops estimates on better-than-expected bond trading, higher interest rates Morgan Stanley's Mike Wilson sees a bear market rally that can lead to an 11% gain from here These stocks reporting this week typically beat and gain on earnings days Roblox shares popped 19% on September user growth Central Kyiv hit by kamikaze drone strikes; heavy fighting rages in two hot spots in eastern Ukraine Here are the top Senate races to watch in the 2022 midterms Student loan forgiveness application officially launches, putting relief in sight for 40 million Americans TOP VIDEO Current consumer environment is quite strong, says Bank of America CEO Brian Moynihan CNBC PRO These are Goldman's favorite options plays for a volatile earnings season SPECIAL REPORTS IRS sends letters to over 9 million who could miss out on valuable 2021 tax credits. Here's how to claim that money Sunflowers, war and drought: Why the price of margarine and butter spiked 32% Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS