Shares of Bank of America Corp (NYSE:BAC) and Wells Fargo & Co (NYSE:WFC) are up Tuesday afternoon, lifted by a broad market rally that pushed the S&P 500 and Nasdaq-100 to new all-time highs.
What To Know: Tuesday’s investor optimism stems from a July inflation report that presented a split verdict for the U.S. economy, ultimately bolstering the case for an upcoming Federal Reserve interest rate cut.
