Opening Bell: U.S. Stocks Rise as Bank of America Tops Earnings Estimates

U.S. stocks rose on Monday, shrugging off this weekend's coup attempt in Turkey, with the Dow Jones Industrial Average reaching a record high. Investors shifted focus to Bank of America's (BAC) - Get Report better-than-expected second quarter earnings. Profit of $0.36 a share topped estimates of $0.33. Revenue fell 7.1 percent year-over-year to $20.4 billion, in line with estimates. Trading revenue rose 12 percent to $3.7 billion. Hasbro (HAS) - Get Report  reported earnings of $0.41 a share, beating estimates of $0.39. Revenue rose 10 percent year-over-year to $878.9 million, ahead of the $859 million analysts were looking for. Its Star Wars and Frozen toys boosted growth during the quarter. Finally, Morgan Stanley (MS) - Get Report doesn't expect the Federal Reserve to raise interest rates until 2018, amid sluggish global growth and a soft consumer. TheStreet's Scott Gamm reports from Wall Street.