NEW YORK ( TheStreet) -- U.S. stocks rebounded after a five-day slump as Alcoa's ( AA) first-quarter earnings beat expectations. The Dow Jones Industrial Average rose 93.62 points, or 0.74%, midday Wednesday to 12,809.55. Leading the Dow higher were Alcoa, Bank of America ( BAC) and Boeing ( BA).
Shares of Alcoa increased 7.83% to $10.05. Alcoa earned $94 million, or 10 cents a share, in the quarter; Wall Street was expecting a loss of 4 cents a share. TheStreet Ratings gives Alcoa a C grade and hold rating. Bank of America shares gained 3.81% to $8.86. Guggenheim analysts upgraded the bank on Wednesday to buy from neutral with an $11 price target. Bank of America gets a C- grade and hold rating from TheStreet Ratings. Shares of Boeing rose 2.44% to $72.32. The aerospace company announced Wednesday it is making some design changes to its 737 MAX to make its new-engine variant performance better. TheStreet Ratings gives Boeing a B grade with a buy rating and $85 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.