DJIA avoids collapse as JPMorgan Chase & Co. (NYSE: JPM) and Bank of America (NYSE: BAC) climb
JPMorgan Chase & Co. shares go up
In brief: U.S. banking sector is beginning to emerge from suspended animation in the background of a favorable statistical data. JPMorgan Chase & Co. (NYSE: JPM) and Bank of America (NYSE: BAC) shares rising in price.U.S. stock market catches a bullish trend due to the banking sector. The Dow Jones Industrial Average left the red zone. The Dow Jones Industrial went up to 10,315.30 points, gaining +12.15 (0.12%) in the first hours of trading.
U.S. bank shares rise in value against the background of increasing demand in the financial market. Bank of America Corporation (NYSE: BAC) is worth approximately 13.26 points, gaining +0.03 (0.19%). JPMorgan Chase & Co. (NYSE: JPM) is close to 37.74 points, taking with bears +0.24 (0.64%). Analysts believe that The Dow Jones Industrial may collect about 1% in late trading.
Ukrainian Globalist2010-08-16 16:10, Economics.
News on: Bank of America Corporation, bank shares, banks, Dow 30, JPMorgan Chase & Co, stock markets, United States, usa