The Dow Jones Industrial Average
A slew of mostly positive earnings reports from companies outside the Dow also helped push up markets, in general. Overall, it’s been a solid earnings season; according to S&P Capital IQ, 65% of the 407 S&P500 companies that have reported earnings have beat expectations, with an average of 8.6% earnings per share surprise.
Here’s how all three major U.S. indices fared on the day:
|Dow Jones Industrial Average||21.34 [0.16%]||13,117.51|
As is often the case with the Dow advancing mainly on positive macroeconomic news, Bank of America
Outside the Dow, Best Buy
As evidenced by Bank of America’s nearly 3% move today on no real news, it can be very difficult to make sense of how to value the stock. Our top banking analyst has dug into the company and its so-called "black box" balance sheet, compiling an in-depth premium research report with the answer to the question: Is Bank of America a buy, sell, or hold? Simply click here to get access to this premium report.