NEW YORK (
) -- U.S. stocks were rebounding midday Tuesday after posting
Dow Jones Industrial Average
was rising more than 116 points, or 0.94%, to 12,527. Leading the Dow higher were
Bank of America
Shares of Boeing rose 2.72% to $72.02. The aerospace stock was
by Bernstein analysts on Tuesday with a $92 price target.
The stock has fallen 1.81% year to date.
Bank of America shares gained 2.54% to $7.47. The stock has risen 34.26% year to date.
The biggest decliner in the blue-chip index midday Tuesday was
. Shares dropped 21 cents, or 0.28%, to $74.41.
The industrial company announced Tuesday that it plans to offer $1 billion of equity units to help finance its acquisition of
United Technologies' stock has risen 1.75% year to date.
-- Written by Alexandra Zendrian
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