Stocks Rise on Positive Economic Indicators and Bank Earnings

Stocks rose as investors awaited bank earnings and analyzed the latest data on initial jobless claims, which showed an increase in unemployment insurance filings. The S&P 500 was up 0.3%, the Dow Jones was flat, and the Nasdaq Composite rose 0.8%. Delta Air Lines missed Wall Street expectations on both the top and bottom lines. The Federal Reserve's latest policy meeting minutes showed some officials forecasting the economy tipping into recession later in 2023, but Fed officials were largely convinced the banking system would remain stable after multiple banks failed last month, likely keeping the central bank on track to raise interest rates again next month.