New record high: The DJIA continues to go after Bank of America Corporation (NYSE: BAC)

Bank of America Corporation (NYSE: BAC) shares tune bulls to war, Dow Jones index sets record high

In brief: Bank of America Corporation (NYSE: BAC) shares rise in value as the Dow Jones Industrial Average to strive even higher.

Bank of America Corporation (NYSE: BAC) is 14.41 points. Bank of America shares gained +0.37 points, or 2.64%. Bulls continue to support the banking sector. The DJIA is growing more slowly in the second half of the trading session today. Dow Jones Industrial Average went up to the mark 10,659.54 points, gaining +193.60 (1.85%).

European stock markets are growing, too. FTSE 100 rose by 1,9%, German DAX 30 added 1.59%, French CAC 40 rose by 2.06%. The leader of tendering the shares comprising the index, the CAC 40 Paris Bourse are the shares of the bank BNP Paribas, grew by 3,6%. Today the bank has published data from quarterly reporting, according to which the size of its net profit grew by 31.2% compared to the same period last year. In contrast, fell by 0,5% Paper Renault, which served as a pretext for lowering their rating to “above market” to “neutral” by analysts HSBC. Shares telecommunications company Alcatel-Lucent have fallen in price on 0,22%, even despite the recommendation to “buy”, set by analysts Deutsche Bank.

Igor Tringlers
2010-08-02 18:22, Economics.

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