The DJIA was saved by Verizon Communications Inc. (NYSE: VZ) and Bank of America Corporation (NYSE: BAC)

Bank of America Corporation (NYSE: BAC) seeks higher

In brief: The Dow Jones Industrial remains at 10,445.66 points, gaining +39.81 (0.38%) in late trading. Bank of America Corporation (NYSE: BAC) takes the lead reaching 13.43 points (+1.63%).

Bank of America Corporation (NYSE: BAC) and Verizon Communications Inc. (NYSE: VZ) are catching bullish trend against the background of mixed dynamics. The Dow Jones Industrial Average remains in the green zone.

Verizon Communications Inc. (NYSE: VZ) shares came close to 30.24 points, gaining +0.07 (0.23%). The data by on growth of industrial production in July at 1% compared with June, with expectations of mere 0,5% added to positive tendencies. It’s worth noting that the data on the industrial production volumes of are extremely important for assessment of the prospects of GDP growth. This is why the market reacted rapidly.

Dmitriy Srebnev
2010-08-18 19:39, Economics.

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