Stocks moved higher with the Dow Jones Industrial Average and S&P 500 on track to close at another record high. Better-than-expected earnings from Bank of America (BAC) helped to fuel markets, while a tech rally boosted the Nasdaq. Homebuilder sentiment weakened in July, though only slightly, according to the National Association of Home Builders' index. Still, the reading remains above the 50-level indicative of expansion in the robust housing sector. Groupon (GRPN) was upgraded to OVERWEIGHT from NETURAL with a $6 price target at Piper Jaffray. The firm expects the online deals site to exceed expectations with on-boarding of new customers. Burlington Stores (BURL) climbed after upping its second-quarter guidance. The retailer raised both its quarterly comparable sales growth forecast and adjusted net income estimates. TheStreet's Keris Lahiff has details from Wall Street.
More from Video
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.