Bulls believe in the banks: The DJIA is rising behind Bank of America Corporation (NYSE: BAC) record high

Bank of America Corporation (NYSE: BAC) shares support Dow index

In brief: The DJIA is waiting for further support from the Bank of America Corporation (NYSE: BAC). Bullish trend continues today.

The DJIA continues to reject bears’ attempts to interfere. Dow Jones Industrial Average reached 10,635.17 points, gaining +169.23 (1.62%) by mid trading session. Bank of America Corporation (NYSE: BAC) came up to 14.45. Bulls continue to support bank stocks today. Bank of America Corporation shares gained +0.39 points (2.74%).

Bank of America Corporation may win more than 3% today – according to analysts. In addition, the U.S. stock market and demonstrates the confidence the positive dynamics in the first half of the trading session. The circumstances of today, “glass” favorable for buyers – the semantic coloring of published reports has been generally positive, macroeconomic statistics also played in favor of the bulls. Construction costs for June despite the projected increase of 0,1%, and the scope for market housing in general rather actuality, if we recall the sharp drop in housing sales after the government incentive programs. Therefore, the increase of this indicator the market could not play properly. Further, the index of economic conditions in the industry for July fell less expectations and amounted to 55.5 points in the projections 54.2 points and the June value of 56.2 points.

Igor Tringlers
2010-08-02 16:41, Economics.

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One comment к “Bulls believe in the banks: The DJIA is rising behind Bank of America Corporation (NYSE: BAC) record high”

  1. dr.reem Says:

    well, I dont

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