The DJIA and Bank of America Corporation (NYSE: BAC) are struggling for survival as the Fed leaves interest rate
The Dow Jones Industrial can return to the green zone
In brief: The Dow Jones Industrial Average catches a bullish trend against the Fed's long-awaited decision. Bank of America Corporation (NYSE: BAC) is still in the red zone today.Bank of America Corporation (NYSE: BAC) is approximately 13.69 points, losing -0.22 (-1.58%). The Dow Jones Industrial Average climbs out of red and went up to 10,637.82 points. The Federal Open Market Committee Federal Reserve (FOMC) kept the base interest rate in the target range of 0% -0.25%.
At the same time, according to the National Federation of Independent Business U.S. (NFIB) optimism index for small businesses in July fell to 88.1 points (expected 88.0 points) with 89.0 points in June. The index of economic optimism in the U.S. IBD / TIPP, calculated by the newspaper Investor’s Business Daily and the research firm TechnoMetrica Institute of Policy and Politics, fell in August to 43.6 points (expected to increase to 45.0 points) with 44.7 points in July.
Anrey Torbinski2010-08-10 18:33, Economics.
News on: Bank of America Corporation, DJIA, Dow 30, Federal Reserve, Investor's Business Daily, National Federation of Independent Business U.S., recession, stock markets, TechnoMetrica Institute of Policy, TechnoMetrica Institute of Policy and Politics, US Federal Reserve, usa