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Barchart
Barchart
Rich Asplund

Stocks Climb on Positive Corporate News

The S&P 500 Index ($SPX) (SPY) today is up +0.32%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.45%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.30%.

Stock indexes today are moving higher, with the Dow Jones Industrials posting a new all-time high.  Positive corporate news is boosting stocks today, with Bank of America up more than +3% after reporting better-than-expected Q2 net interest income and forecasting Q4 net interest income above consensus. Also, Match Group is up more than +7% after Starboard Value said it has built a 6.6% stake in the company.  In addition, UnitedHealth Group is up more than +4% after forecasting full-year adjusted EPS above consensus.  Stock indexes extended their gains after US June retail sales rose more than expected, a sign the economy is holding up.

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