The DJIA is losing support as the Bank of America Corp. (NYSE: BAC) fell lower and lower

Dow Jones Industrial Average was unable to escape from the red zone

In brief: Dow Jones Industrial Average falls below against the background of negative data and a changing investor sentiment. Bank of America Corp. loses points.

Bank of America Corporation (NYSE: BAC) moved down 14 points yesterday. Bank of America Corp. up 13.99 points, losing -0.20 (-1.41%). U.S. economic data disappointed investors. The DJIA declined throughout the second half of the trading session yesterday. Dow Jones Industrial Average losses could be greater, but the bulls to support the market in the last minute. Thus, the volume of orders for durable goods in the U.S. in June decreased by 1,0%. This was reported in U.S. Department of Commerce.

Economists predicted that the volume of orders will grow by 1,0%. In the revised data of the Ministry of Commerce, in May, the volume of orders for durable goods fell by 0.8%. Previously reported a decrease of 1,1%. For durable goods are products with a lifetime of more than three years (cars, furniture, etc.). Nearly 3 / 5 of all orders is at the passenger and freight cars, 2 / 5 – building materials, furniture, household goods. The fall of the index points to signs of recession, and growth – on the activity. In addition, published on Wednesday the U.S. central bank’s latest Beige Book says about the stagnation or slow development. Report of the Federal Reserve reiterated that economic growth in the country slowed in the second quarter.

Anrey Torbinski
2010-07-29 12:35, Economics.

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