Bank of America (BAC) shares surged 2.93% on February 6, closing at $56.55, as the financial sector strongly participated in a historic market rally driven by broader investor optimism.
- The robust performance occurred as the Dow Jones Industrial Average crossed the 50,000 milestone for the first time.
- The general market rebound was supported by improved consumer sentiment and easing inflation fears, which bolstered cyclical stocks like BAC.