Bank of America corp. (NYSE: BAC) gets more expensive, despite Moody’s as the DJIA futures are in green

Dow Jones Industrial thanked the banking sector for support

In brief: Bank of America Corporation (NYSE: BAC) continues to assist the DJIA. Bulls will raise trading volumes today - the experts say.

Bank of America Corporation (NYSE: BAC) is at its peak, completing trades at around 14.19 points yesterday. Favorable banking news provided an opportunity for Bank of America to complete trades, gaining +0.04 points (0.28%). Bank of America corp. futures up to 14.22 (+0.21%) today. Dow Jones Industrial futures grow in the range 0,1-0,25% in early pre-market. Meanwhile, The DJIA has completed trades at around 10,537.69 (0.12%) points yesterday.

Wall Street trading ended on good volume near the neutral mark (S & P 500 -0.1%). At this morning’s gap up, that was formed by a new portion of positive corporate reports, was closed after the new signals of the US weakening economy. Broad market index closed below 200 days long moving, and the gap up and the nature of daily candles may indicate the formation. The global markets’ mood is currently positive, as evidenced by the situation at the Asian stocks: Shanghai composite +1.1%, Hang Seng +0.62%, Nikkei 225 +2.39%. Asia returned futures for U.S. indices (S & P 500 +0.18%) to positive territory, despite the decrease in agency Moody’s forecasts on ratings of Bank of America, Citigroup, Wells Fargo, as well as ten regional banks. By such a move prompted assess the impact of financial reform, that reduces the chance of assistance from the government.

Ukrainian Globalist
2010-07-28 10:43, Economics.

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