The Dow Jones Industrial Average (INDEX: ^DJI) is rallying for a third day in a row along with worldwide markets as jobless claims fell to their lowest level in four years and Bank of America (NYSE: BAC) reported positive earnings. At 1:30 p.m. EST, the Dow was up 39 points to 12,617. The S&P 500 was up 7 points to 1,315.

After reporting positive earnings this morning, Bank of America is today's top Dow stock. The company is leading the pack, up 4.1% to $7.07. While the earnings weren't stupendous, they were enough to make Bank of America profitable over the past year.

Runner-up so far today is Cisco (Nasdaq: CSCO), up 2% to $19.93. The stock is responding to F5 Networks' (Nasdaq: FFIV) strong earnings report this morning, which has pushed the stock up more than 13%. Investors in the networking company have been worried about low spending by telecoms and spending cuts by the government. A competitor beating earnings estimates is seen as a good sign for the industry.

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