The Dow Jones industrial average was up 35 points at 13,212 in the first hour of trading. The Standard & Poor's 500 index was up 3 points at 1,398 and the Nasdaq composite was up 9 at 3,049.
The Dow is on its way to a sixth day of gains, its longest winning streak since
A powerful rally in bank stocks pushed the Dow up to its highest close since late 2007 Tuesday. The Federal Reserve said 15 of the 19 major banks it surveyed passed a stress test to see how they would stand up if the economy worsened.
The Fed was planning to wait until Thursday to release the results of its stress tests, which determine which financial companies are healthy enough to raise their dividends. After
The yield on the 10-year Treasury note rose sharply, to 2.22 percent from 2.11 percent late Wednesday. The benchmark yield has risen for five days straight and is at the highest level since October. That's a sign that investors believe the economy is improving and that they're more willing to hold higher-risk assets like stocks and commodities.
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