Bank of America Corporation (NYSE: BAC) is losing support as the DJIA started looking at Europe

Dow Jones Industrial Average is near flat

In brief: Dow Jones Industrial Average sees new threat from the bad data and a mixed European market dynamics. Bank of America Corporation (NYSE: BAC) shares lost in value.

European stock market loses. Asian stock exchanges have shown steady rise to new highs, that enables the DJIA to continue the positive trend today. At the same time, Bank of America Corporation (NYSE: BAC) lost -0.07 points (-0.49%) during the Pre-market trading today.

Dow Jones Industrial Average is directly dependent on the success of the banking sector and reduce the cost Bank of America Corporation stock allows the bears to gain control in early trading. European stock market falling just because of banking problems and reduce the energy companies. Most stocks that make up the FTSE 100 traded on the red area. The worst results demonstrate the paper engineering company Invensys, fallen on 6,79% and the energy company Scottish & Southern Energy – to 4,16%. In contrast, better market shares of some banks look. Thus, HSBC’s capitalization rose by 0.75%, Standard Chartered shares added 0.05%, while Barclays dropped the paper on 0,25%.

Anrey Torbinski
2010-07-28 13:35, Economics.

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