Midway through trading Monday, the Dow traded up 0.83 percent to 24,561.83 while the NASDAQ climbed 0.41 percent to 7,135.72. The S&P also rose, gaining 0.67 percent to 2,674.12.
Leading and Lagging Sectors
In trading on Monday, information technology shares rose by just 0.1 percent.
Bank of America Corporation (NYSE: BAC) reported better-than-expected profit for its first quarter.
The bank said it earned $0.62 per share in the first quarter on revenue of $23.1 billion versus expectations of $0.59 per share on revenue of $23.06 billion.
Equities Trading UP
Eldorado Resorts, Inc. (NYSE: ERI) shares shot up 16 percent to $41.2375 after the company announced plans to buy Tropicana Entertainment for $1.85 billion in cash. MGM Resorts International (NYSE: MGM) reported the sale of Grand Victoria Casino in Elgin, Illinois to Eldorado Resorts for $327.5 million in cash.
Shares of …