Tuesday’s gains in stocks came from investors finding cause for optimism in the most recent retail statistics as well as in Bank of America’s better-than-expected earnings report.
The Nasdaq Composite and the S&P 500 both increased by 0.3%. With a gain of 214 points, or 0.5%, the Dow Jones Industrial Average performed better.
Following earnings that exceeded expert projections, Bank of America saw a 2% increase.
Conversely, Morgan Stanley experienced a 1% decline despite exceeding forecasts following a strong run-up to the announcement.
As the new reporting season gets underway, these are the most recent well-known brands to release quarterly financial results.
Source (CNBC)
