U.S. stocks rose on Monday, shrugging off this weekend's coup attempt in Turkey, with the Dow Jones Industrial Average reaching a record high. Investors shifted focus to Bank of America's (BAC) better-than-expected second quarter earnings. Profit of $0.36 a share topped estimates of $0.33. Revenue fell 7.1 percent year-over-year to $20.4 billion, in line with estimates. Trading revenue rose 12 percent to $3.7 billion. Hasbro (HAS) reported earnings of $0.41 a share, beating estimates of $0.39. Revenue rose 10 percent year-over-year to $878.9 million, ahead of the $859 million analysts were looking for. Its Star Wars and Frozen toys boosted growth during the quarter. Finally, Morgan Stanley (MS) doesn't expect the Federal Reserve to raise interest rates until 2018, amid sluggish global growth and a soft consumer. TheStreet's Scott Gamm reports from Wall Street.
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