U.S. stocks finish higher as Dow industrials book longest winning streak since March 2021 after better-than-expected corporate earnings

U.S. stock indexes ended higher on Tuesday with the Dow Jones Industrial Average settling at the highest level in 15 months after quarterly results from Bank of America Corp. BAC, +4.42% and Morgan Stanley MS, +6.45% bolstered bank stocks, while shares of Microsoft Corp.

spiked to its record high, buoying the technology sector. The Dow industrials DJIA, +1.06% advanced 366 points, or 1.1%, to end at 34,951, its highest closing level since April 21, 2022. The S&P 500 SPX, +0.71% was up 0.7%, while the Nasdaq Composite COMP, +0.76% jumped 0.8%. Bank of America Corp.’s second-quarter earnings beat Wall Street expectations, sending the megabank’s stock up by more than 4.4% on Tuesday, while Morgan Stanley’s shares rallied 6.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As the Dow hits 2023 high, one of the oldest stock-market forecasting tools is making a comebackOne of the oldest methods used to anticipate where the U.S. stock market might be heading is making a comeback in 2023 as the Dow Jones Industrial Average...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock futures inch lower ahead of busy earnings day: Live updatesThe Dow Jones Industrial Average has just notched six straight positive days and its highest close in 2023.
Source: CNBC - 🏆 12. / 72 Read more »

Dow futures slip amid earnings kick off By Investing.com⚠️BREAKING: *U.S. STOCK FUTURES EDGE LOWER AHEAD OF BUSY EARNINGS WEEK $DIA $SPY $QQQ 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »