The DJIA could collapse at the end of trading, but is rescued by the Bank of America Corp. (NYSE: BAC), while Ford Motor (NYSE: F) slowing down

The Dow Jones Industrial Average has no backing

In brief: The Dow Jones Industrial Average loses bullish trend and goes into the red zone. Bank of America Corporation (NYSE: BAC) shares rise. Ford Motor Co. (NYSE: F) shares flat. Bulls hope for better times.

The Dow Jones Industrial Average remains in the red zone, having lost around 0.18%. The Open Knowledge analysts believe that the Dow index will avoid collapse solely due to the banking sector.

Bank of America Corporation (NYSE: BAC) reached 13.45 points, gaining +0.24 (1.85%). At the same time, Ford Motor Co. (NYSE: F) was able to reach 12.21 points, gaining +0.05 (0.41%). The Open Knowledge analysts note that on Wednesday, August 18, in the first half of the trading session, the U.S. Indices show mixed trends against the background of lack of macroeconomic news. Opened at low rate, the indices were able to win back some of the losses: a series of statements in the consumer sector made up for the oil and gas sector. Most probably, today the market will stay sluggish, consolidating the current levels before the announcement of the weekly data on the labor market and the leading indicators index tomorrow.

Ukrainian Globalist
2010-08-18 18:00, Economics.

News on: , , , , , ,

One comment к “The DJIA could collapse at the end of trading, but is rescued by the Bank of America Corp. (NYSE: BAC), while Ford Motor (NYSE: F) slowing down”

  1. Jack Says:

    Oh my shit – when did Russians get so retarded?

Post a comment

E-