Bank of America ( BAC ) rose 1.5% after earnings topped analysts' estimates but Wells Fargo ( WFC ) slumped 2.8% after missing Street expectations on the top and bottom line. Equities in the U.S. reached new record highs in their third increase in four days, sending the measures to weekly advances as earnings season took focus and Friday's economic data added support. Inflation also accelerated last month, but the majority of the 0.5% gain in the nominal index was attributed to a 13.1% spike in gas prices resulting from supply disruptions due to Hurricane Harvey.