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Crude Oil Down 1%; Bank of America Posts Upbeat Earnings

U.S. stocks traded mostly higher midway through trading, with the Dow Jones index surging more than 550 points on Tuesday. The Dow traded up 1.41% to 40,779.92 while the NASDAQ fell 0.05% to 18,463.13. The S&P 500 also rose, gaining, 0.35% to 5,651.05. Check This Out: Wall Street’s Most Accurate Analysts Weigh In On 3 Industrials Stocks Delivering High-Dividend Yields Leading and Lagging SectorsIndustrials shares jumped by 2% on Tuesday. In trading on Tuesday, information technology shares fell by 0.5%. Top Headline Bank of America Corp (NYSE:BAC) reported better-than-expected second-quarter results. The company posted second-quarter fiscal 2024 net income of $6.9 billion and EPS of 83 cents, beating the analyst consensus estimate of 80 cents. Revenue, net of interest expense, increased 0.8% year-over-year to $25.54 billion, beating the analyst consensus estimate of $25.22 billion. Equities Trading UP                        Silo Pharma, Inc. (NASDAQ:SILO) shares shot up 113% to $2.2799 after the company obtained an exclusive global license to develop, manufacture, and commercialize its Alzheimer’s drug. Shares of Yoshitsu Co., Ltd (NASDAQ: