Market Update: BAC, WFC

Stocks rose on Tuesday morning as investors weighed earnings reports from Bank of America, Goldman Sachs, and Halliburton, and congressional testimony from Treasury Secretary nominee Janet Yellen. The former Fed president said that she would focus on boosting employment and wages, which have been battered by the pandemic, and that economic recovery also depended on the rapid and broad distribution of coronavirus vaccines. The Dow rose 0.3%, the S&P 0.5%, and the Nasdaq 0.7%. Crude oil traded near $53 per barrel, while gold rose $11 to $1840 per ounce.