Bullish Dow Posts 5th Straight Day of Gains: Bank of America Corp (BAC), Exxon Mobil Corporation (XOM)

Buoyed by lower-than-expected applications for unemployment benefits, the Dow Jones Industrial Average continued to set new highs, closing for a third straight day at an all-time record. Thursday makes the fifth straight day of gains for the Dow, which added 33 points, or 0.23%, to close at 14,329.

In the midst of a remarkable bull run, blue chips are up 9.4% in 2013, 11.6% in the last year, and have rocketed more than 118% higher since the lows of March 9, 2009, nearly four years ago exactly.

Bank of America Corp (NYSE:BAC)

The all-star of the Dow Thursday was Bank of America Corp (NYSE:BAC), which added 2.9% after passing the Federal Reserve’s stress test. The Charlotte, NC-based bank was by no means in a league of its own — Ally Financial was the only one out of the 18 major banks to fail — but investors were reassured by how Bank of America Corp (NYSE:BAC) passed. Bank of America Corp (NYSE:BAC) registered a 6.8% Tier 1 common capital ratio, comfortably above the Fed’s 5% minimum.

Exxon Mobil Corporation (NYSE:XOM) lost 1%, to take the distinction as the index’s worst performer of the day. Testimony today in a case against Exxon Mobil Corporation (NYSE:XOM) in New Hampshire courts could prove to be costly; an Exxon Mobil Corporation (NYSE:XOM) executive stated that the company had no option but to put a potentially dangerous chemical in its gasoline. The chemical, MTBE, has gone on to contaminate an estimated 40,000 New Hampshire water wells.

Outside the Dow, shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) added 4.8% today, to trade above $50 per share for the first time in a year. The K-Cup maker gained on news that the company is partnering with Unilever (NYSE:UL) to allow customers the option to brew Lipton tea by the cup. The new partnership should expand the market for Green Mountain’s products.

The big mover in the aftermarkets today was Pandora (NYSE:P) , which added as much as 21% after announcing quarterly results that blew out expectations. Though the company did report a loss, it was far less than forecasts called for; at the same time, revenue exceeded expectations. CEO Joe Kennedy also made big news by announcing his planned departure from the company once a successor is found.

The article Bullish Dow Posts 5th Straight Day of Gains originally appeared on Fool.com.

Fool contributor John Divine has no position in any stocks mentioned. You can follow him on Twitter @divinebizkid and on Motley Fool CAPS @TMFDivine.The Motley Fool recommends Green Mountain Coffee Roasters and Unilever. The Motley Fool owns shares of Bank of America.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!