Dow Jones Industrial Average Today Hits Record High As Tech Earnings In Focus

The Dow Jones Industrial Average hit another record high on Monday after a busy day of mergers, acquisitions, and earnings reports from some of the country’s largest companies.

Let’s recap some of the biggest stories of the day, but more importantly, let’s help readers identify ways to make money on these headlines.

First, check out the results for the Dow Jones, S&P 500, and Nasdaq:

Dow Jones: 18,533.05; +16.50;+0.09%                             

S&P 500: 2,166.89; +5.15; +0.24% 

Nasdaq: 5,055.78; +26.20; +0.52%

Now, here’s the top stock market news today… and your best ways to profit.

DJIA Today: Markets Pop on Busy Day of Earnings Reports, Oil Prices Slide

The Dow Jones added another 16 points as traders continue to pour into equities and anticipate greater monetary easing from central banks around the globe. The European Central Bank (ECB) is set to meet this week to discuss the possibility of more financial stimulus later this fall. The markets have been pushing higher since Japanese Prime Minister Shinzo Abe won an election last week and immediately ordered a fresh round of stimulus. But even with new stimulus, there is one policy by Abe that could trigger a stock market crash.

It was another busy day of earnings reports. Shares of Bank of America Corp. (NYSE: BAC) helped pull up the volatile financial sector after the stock added nearly 4%. The firm said that the U.S. Federal Reserve’s ongoing low-interest-rate policy is affecting its earnings. However, the company said it did see a sharp uptick in bond trading, which helped the firm top Wall Street expectations.

The company reported earnings per share (EPS) of $0.36, beating Wall Street estimates. The figure is still 20% lower than the $0.45 that it reported during the same period in 2015. Bank of America was off 0.3% this morning due to the stunning level of low expectations that Wall Street has for earnings this quarter. In fact, Money Morning Capital Wave Strategist Shah Gilani believes the big banks could implode before ever being broken up…