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Stock Market Roundup, April 24: DB, BAC, and More Soar on French Election

Ryan McQueeney

Stocks had a hot start to the week on Monday, as the major indexes opened higher and continued their momentum throughout the day. Investors seem to be satisfied with the results of the French election, which helped ease some hesitation and boosted companies with Eurozone exposure.

Also, several interesting initial public offerings are scheduled for this week, underscoring the strength of the IPO market this year and giving investors several new stocks to watch out for.

Zacks Rank #1 (Strong Buy) Top Movers

Value: CAI International CAI - +12.44%

Growth: Rocky Brands RCKY - +11.67%

Momentum: CAI


Income: RCKY

Major Indexes

DOW: 20,764.54 / +216.78 / +1.06%

NASDAQ: 5,983.82 / +73.30 / +1.24%

S&P 500: 2,374.13 / +25.44 / +1.08%

Top Headlines

Here's Why Bank Stocks Soared Today

Shares of the world’s biggest banks are soaring on Monday after the results of the French election eased concern about big financials with international exposure. Deutsche Bank DB saw the biggest gain following the election, as investors now expect few changes for European banks, but others with Eurozone exposure, including Goldman Sachs GS, Bank of America BAC, and Citigroup C, also popped on Monday.

3 IPOs to Watch For This Week

The last week of April is scheduled to see eight different companies go public, and Zacks has you covered with three unique IPO offerings to watch out for. These three IPOs cover finance, big data, and biopharmaceuticals.

Here's Why Upland Software Stock Popped Today

Upland Software, Inc.’s UPLD stock soared on Monday morning after the company officially announced it would acquire RightAnswers, Inc.

More Stock News: 8 Companies Verge on Apple-Like Run                    

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CAI International, Inc. (CAI): Free Stock Analysis Report
Citigroup Inc. (C): Free Stock Analysis Report
Bank of America Corporation (BAC): Free Stock Analysis Report
Upland Software, Inc. (UPLD): Free Stock Analysis Report
Deutsche Bank AG (DB): Free Stock Analysis Report
Goldman Sachs Group, Inc. (The) (GS): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): Free Stock Analysis Report
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