But the rally fades in the last hour. Apple and Amazon.com shares pop on analyst upgrades. Nike earnings cheer the Street. Bank of America is declared undervalued. Gold drops below $1,500; crude oil falls, too.
The blue chips top 11,500 for the first time since 2008. Nike shares sell off despite strong earnings. Jabil Circuit and Adobe shares jump.
A morning recovery falls apart as a weak report on jobless claims disappoints investors. Wall Street cheers Nike earnings. Gold moves higher, and Starbucks raises prices.
The Fed will meet on interest rates. Several reports will offer a broad picture of housing. General Mills and Nike will top earnings reports.
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