The DJIA could avoid collapse as the Bank of America Corporation (NYSE: BAC) stops go down

The DJIA fell on high volumes of trades today

In brief: Dow Jones Industrial Average seeks to win losses back. Bank of America Corporation (NYSE: BAC) remains in the red zone.

The Bank of America Corporation (NYSE: BAC) can not resist the bad banking news. Bank of America Corporation remains at 14.35 points, giving bears 0.09 points (-0.62%). The DJIA lost 0.25% in the second half of the trading session today.

At the same time, the U.S. statistics do not bear new hopes. Jobs in manufacturing decreased by 1.2% in June, and the budget of Americans have not changed compared to the previous month, despite the optimistic projections of income growth of 0,2%. But it seems that investors and traders are somewhat exaggerated the scale of events at the opening, and soon part of the decline was played. Index S & P 500 continues to bargain above the 200-day moving average.

Igor Tringlers
2010-08-03 18:01, Economics.

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