BAC Boosted By Q1 Earnings

The Dow logged another record high

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Schaeffer's Midday Market Check
4/15/2021
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Stocks Hit More Record Highs on Bank Earnings, Economic Data


By: Jake Scott

Stocks are moving higher this afternoon, once again notching record levels thanks to another batch of strong earnings from the financial sector and upbeat economic data, including a 9.8% rebound in consumer spending for March. In response, the Dow Jones Industrial Average (DJI) is up nearly 260 points, earlier notching yet another all-time high. The blue-chip index is getting a boost from bank stocks, while an earnings beat from index member UnitedHealth (UNH) is also providing support. The S&P 500 Index (SPX) logged a new intraday record as well, while the Nasdaq Composite (IXIC) sports a triple-digit lead at midday. 

Continue reading for more on today's market, including:

  • The latest bank stock to rise on stellar earnings.
  • American Eagle Outfitters stock extends 14-year highs.
  • Plus, call traders blast Visa stock after upgrade; one new biotech stock soaring on the charts; and short-selling rumors sink INTZ.
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