Bank of America Corporation (NYSE: BAC) shares continue to trade in the green zone, despite the absence of positive statistics. Bank shares rose by 1.2% in the last hour of the trading session. Gaining about 1%, Citigroup Inc. (NYSE: C) shares aren’t falling below 3.79 points.
Lloyds TSB Group plc (NYSE: LYG) has continued volatile trading against the background of new problems faced by British banks. Lloyds shares came close to 4.31 points, losing -0.01 (-0.23%).
U.S. stock market was unstable to the mixed dynamics. Key market indicators are decreasing in price for no apparent reason (probably because of the incipient panic). Bulls can’t start the game.
Citigroup Inc. (NYSE: C) is 4.06 points, losing almost 1% (-0.98%). At the same time, analysts believe that Citigroup Inc. shares may gain thanks to the new BP plc (NYSE: BP) large orders.
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.
Dow Jones Industrial Average goes into the red zone against the background of the fall of The Boeing Company (NYSE: BA) shares. DJIA shows no signs of life and trading volumes are reduced. Poor records and reports do not provide Dow Jones Industrial rise above. Conference Board released a report stating that the index of consumer confidence in the country in July 2010. decreased compared to the previous month at 3.9 points and totaled 50.4 points, which did not meet analysts’ forecasts.
U.S. stock market is going to rise further. The DJIA jumped into the green zone from the start bidding. Dow Jones Industrial Average gained +73.23 (0.70%). Dow index was 10,497.85 points on time. Leaders are Bank of America Corp. (NYSE: BAC) and American Express Company (NYSE: AXP).
Citigroup Inc has lowered forecasts for economic growth in China in 2010 by one percentage point, and lowered growth forecasts for the entire world economy for 2010 and 2011. China’s GDP will grow this year at 9.5%, according to forecasts from a U.S. bank. Previous forecasts suggest growth in 10,5%.
Dow Jones Industrial Average began trading the U.S. stock market with incredible growth. Dow index managed to reach 9,890.60 points by the middle of bidding. DJIA gained +146.98 points, or 1.51%. Stock trades in the U.S. opened with an increase in leading indicators. In the absence of statistical data on the U.S. economy, investors are now paying attention to European news, again raises concerns about the pace of economic recovery after the financial crisis.
Dow Jones Industrial begins trading with a very negative attitude now. Yesterday was a feast for bears: European platform collapsed by more than 3%. Trading in the United States finished no less sad: Dow Jones Industrial Average fell 2,65%, Standard & Poor’s 500 fell by 3,1%, Nasdaq Composite down on 3,85%.