JeeYeon Park is a writer for CNBC.com.
Bank of America CEO Brian Moynihan told CNBC that consumer health and credit quality are both improving.
Stocks closed out Monday with slight gains after hovering around the flatline for most of the session, as investors seemed reluctant to jump in following a four-week rally and amid uncertainty over when the Federal Reserve would start paring back its stimulus.
Stocks declined, with the S&P 500 halting a four-session record run, as Wall Street reacted to the Federal Reserve's decision to hold off on reducing its monetary stimulus.
Stocks finished near session highs Tuesday, with the S&P 500 touching a fresh high and the Dow within 50 points of an all-time record, as investors looked ahead to the Federal Reserve's announcement.
Stocks were slightly higher Monday, with the S&P 500 pushing to a fresh high, but gains were limited as investors digested a batch of mixed earnings reports and ahead of the Federal Reserve's policy-setting meeting.
Stocks finished in positive territory Friday, with the Dow and S&P closing higher for the third-straight week, lifted by a group of encouraging earnings reports.