Bank profits boost S&P, Nasdaq; consumer stocks weigh on Dow
The Dow was little changed, held back by a drop in consumer stocks after a report showed U.S. retail sales and core retail sales increased less than expected in December. Bank of America , JPMorgan and Wells Fargo all reported quarterly profits that beat analysts' expectations and expressed optimism about 2017 in their first public comments about earnings since the U.S. presidential election. Bank of America jumped as much as 2.1 percent to $23.41, their highest since the financial crisis.
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