The stock market has seen some volatility in recent weeks, with early September's correction giving way to a big bullish bounce in October. Investors have gotten more optimistic than ever about the prospects for the U.S. economy and for corporate earnings, which are starting to come up for the third quarter this week. After having traded on both sides of the unchanged mark Wednesday morning, most major benchmarks pushed into positive territory by mid-morning. As of shortly before 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 35 points to 28,715. The S&P 500 (SNPINDEX: ^GSPC) inched higher by 3 points to 3,515, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 8 points to 11,873.
Electric vehicles have been a hot area for investors to focus on lately, and this morning, NIO (NYSE: NIO) once again captured headlines with some positive comments from analysts. Meanwhile, on the earnings front, big banks continued to give their results. Bank of America (NYSE: BAC) was the latest to report, and investors weren't entirely happy with what they saw.
Shares of NIO jumped 17%, adding to its impressive recent performance. The stock is up more than 40% just since late September.
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Mixed Stock Markets Leave NIO Charging Up, B of A Powering Down