Nasdaq closes above 5K amid earnings; energy jumps 2% on oil surge

April 15, 2015 8:24 PM

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Nasdaq closes above 5K amid earnings; energy jumps 2% on oil surge

"The tone so far has been surprisingly positive to relatively low expectations," said Jeremy Zirin, head CIO investment strategist at UBS Wealth Management Americas. Despite initial concerns about the stronger dollar, Zirin said "the market seems to be paying attention to the company fundamentals rather than the currency headlines."

Before the open on Tuesday, Bank of America posted a first-quarter profit, swinging from a surprise loss a year earlier when it took a charge of $6 billion for litigation expenses. However, the bank saw a slight decline in its investment banking and equity and debt market businesses while JPMorgan C...

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