By Elaine Donnelly
Extending sexual misconduct to combat units
Independent voices from the TWT Communities
Bank of America led a rally in big-bank stocks Monday in a mostly quiet trading day. Stock indexes were little changed following a record-setting week.
A surprisingly strong housing report helped push the stock market mostly higher Wednesday, while weak earnings reports from Intel and IBM weighed on the Dow Jones industrial average.
"Yet again, corporations continue to do more with less," said Dan Veru, the chief investment officer of Palisade Capital Management.
Mr. Veru said the trend is likely to lead to more mergers in the coming months as cash-rich companies look for ways to raise their revenue.