Opening Bell: U.S. Stocks Reach New Record Highs; Bank of England Keeps Rates Unchanged

U.S. stocks gained steam on Thursday, reaching record highs in the S&P 500 and the Dow Jones Industrial Average. The Bank of England kept key interest rates unchanged at 0.5 percent, even though many market participants were expecting a rate cut following the Brexit vote last month. Weekly jobless claims remained unchanged at 254,000 over the past week, pushing the four-week average down by 5,750 claims to 259,000. JPMorgan Chase (JPM) - Get Report shares were on the rise after the bank reported earnings of $1.55 in the second quarter, beating estimates of $1.43 a share. Revenue of $25.2 billion topped estimates of $24.16 billion. Delta Air Lines (DAL) - Get Report exceeded second quarter earnings estimates by a nickel. Even though revenue of $10.45 billion rose two percent year-over-year, it fell short of estimates of $10.48 billion. TheStreet's Scott Gamm reports from Wall Street.