The previous week has finished with growth for the U.S. stock market, owing to B. Bernanke’s speech. The FED chairman has assured the markets of continued financial support of the U.S. economy.
Local positive gives a bullish trend for the DJIA. Bank of America Corporation (NYSE: BAC) may be new hope for the U.S. banking system. Analysts believe that Bank of America Corp. will grow to as long as no new alarming data from Europe.
U.S. stock market was unable to cope with the bearish trend yesterday. Dow Jones Industrial Average index led trading in positive territory all day, but was less in the last 30 minutes. Bears have made their own and have reduced the Dow Jones Industrial Average. The American stock market fell on Wednesday against the background of the news that China may reconsider the policy of placing their funds in the economy of the eurozone. But today it became known that its investment strategy, he left unchanged.
Dow Jones Industrial Average started trading cautiously. Dow index will try to give a chance bulls lead investors in advance to the middle of trades. Analysts cautiously noted that today’s trading on the U.S. stock market will be extremely difficult and critical to the Dow Jones index. At the same time, the American stock market closed on Tuesday at a neutral background to reduce tension investors around Greece and purchases of shares at the minimum six-month lows.