• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms
  • Community Reviews

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

U.S. Stock Indexes Surge to 15-Month Highs

July 19, 2023 by Forex Winner Leave a Comment

The U.S. stock market soared on Tuesday, with the Dow Jones Industrial Average reaching its highest level in 15 months. Strong quarterly results from Bank of America Corp. and Morgan Stanley fueled a bullish sentiment in the banking sector, while Microsoft Corp. also set a new record high, boosting the technology industry.

Dow Jones Industrial Average Hits 15-Month Peak

The Dow Jones Industrial Average (DJIA) experienced an impressive surge of 366 points, or 1.1%, closing at 34,951. This marks the index’s highest closing level since April 21, 2022.

Best Forex Robots ›

Compare leading trading systems on the market

S&P 500 and Nasdaq Composite Also Show Gains

The S&P 500 (SPX) saw a notable increase of 0.7%, while the Nasdaq Composite (COMP) jumped by 0.8%. The tech sector received a significant boost from Microsoft Corp., which soared to its all-time high.

Bank of America and Morgan Stanley Outperform Expectations

Bank of America Corp. reported second-quarter earnings that surpassed Wall Street predictions, causing its stock to rise by over 4.4% on Tuesday. Despite Morgan Stanley’s quarterly profit dropping slightly, it still managed to beat analyst expectations, resulting in a strong rally of 6.5% for the company’s shares.

Bank Stocks Propel ETFs to Best Performance in Over a Month

Exchange-traded funds (ETFs) specializing in bank stocks experienced substantial gains due to the positive performance of Bank of America and Morgan Stanley. The SPDR S&P Regional Banking ETF (KRE) recorded its most significant daily increase since June 6, according to FactSet data.

With impressive quarterly results and several stocks reaching new heights, the U.S. stock market has demonstrated resilience and strong investor confidence.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News Tagged With: Banking Sector, earnings, stock market, Tech Industry

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

Man charged in New York with 3-week kidnapping to try to steal Bitcoin

May 30, 2025

Goldman Sachs Expert Predicts Significant Gold Price Surge by 2026

May 29, 2025

Second suspect in New York bitcoin kidnapping surrenders to police

May 28, 2025

Footer

Forex Broker Reviews

icm capital

ICM Capital Review

September 13, 2019 By Forex Winner

go markets

GO Markets Review

September 11, 2019 By Forex Winner

eightcap

Eightcap Review

December 16, 2019 By Forex Winner

Forex Robot Reviews

Earn2Trade Review

August 20, 2023 By Shandor Brenner

FundedNext Review

August 16, 2023 By Shandor Brenner

Topstep Forex Review

August 14, 2023 By Shandor Brenner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2025 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure