NEW YORK ( TheStreet) -- U.S. stocks were rising midday Thursday as Apple ( AAPL) crossed the $600 mark and jobless claims for last week dropped 14,000 to 351,000. The Dow Jones Industrial Average rose 8.86 points to 13,202.96. Leading the Dow higher were Bank of America ( BAC) and JPMorgan Chase ( JPM).
Both Bank of America and JPMorgan were still rising after the announcement on Tuesday that both banks passed the Federal Reserve's stress tests. Shares of Bank of America rose 2.71% to $9.08. The stock has increased about 12% since Tuesday's market open. The bank stock is one of The Street's "5 Big Stocks To Trade for Gains." The stock has risen 63.31% year to date and remains still a buy. TheStreet Ratings gives Bank of America a C- grade and a hold rating. JPMorgan shares increased 1.61% to $44.28. The stock has risen about 8% since Tuesday's open. JPMorgan gets a B+ grade from TheStreet Ratings with a buy rating and a $46.71 price target. The biggest decliner in the index midday was Cisco ( CSCO). Shares dropped 1.81% to $19.83. The networking company said it planned to acquire video software provider NDS for about $5 billion. TheStreet Ratings gives Cisco a B grade with a buy rating and a $22.73 price target. -- Written by Alexandra Zendrian >To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: firstname.lastname@example.org. >To follow the writer on Twitter, go to Alexandra Zendrian.