Stocks Back In Rally-Mode, Dow Jumps 200
More News related to BAC
- Calyon's Mike Mayo Upgrades BofA (BAC) Two-Notches to Outperform
- Bank of America (BAC) Dec volatility low into plan to pay back TARP & capital raise
- Fitch Ratings Upgrades Bank of America (BAC) Individual & Preferred Ratings
- Boyd Gaming Management to Present at Bank of America Credit Conference
- FBR Capital Upgrades Bank of America (BAC) to Outperform After Capital Raise Announcement
More News related to LOW
- Decorating Basics to Turn Your Home into a Holiday Haven
- Lowe's Scouts Sites for Distribution Center in North Georgia, an Industrial Info News Alert
- KeyBanc Reiterates a 'Buy' on Lumber Liquidators (LL); Core Growth Holding
- Lowe's Promotes Woods to Senior Vice President & Deputy General Counsel
- Holiday Family Traditions, from Heartwarming to Hilarious
More News related to XLF
- Financial Select Sector (XLF) volatility of 31 near 17-month lows
- Financial Group Moving Higher Amid BofA TARP Repayment News (BAC, C, WFC, XLF, FAS)
- Goldman Says We're Entering Final Third of U.S. Bank Losses; Says Stress Test Was Enough (XLF, BAC, JPM, COF)
- Notable ETF Movers *Special Dubai World Edition* 11/27: UUP Higher; GAF, EEM, FXI, XLF Lower
- Financial Select Sector (XLF) volatility low prior to financials selling off on Dubai exposure
More News related to General News
- Trichet says very important that the US dollar is strong
- Trichet says 12-month loans won't be renewed after December, indexed rate is no signal for the ECB's benchmark rate
- ECB leaves benchmark interest rate unchanged at 1.00%
- Fed banks said economic conditions 'improved modestly'
- NIH Approves 13 Stem-Cell Lines for Research; Watch STEM, ASTM, PSTI, CYTX, GERN on the News
Despite calls for a pause in the huge move off the bottom and last week's 5% giveback, stocks are back in rally-mode today, with the Dow gaining 207, the Nasdaq adding 44 and the S&P 500 up 23.
A better-than-expected quarterly earnings reports home improvement giant Lowe's (NYSE: LOW) and strong international market strength, on the positive free-market election results in India, have investors buying again today.
Financial stocks are higher, led by the 11% move higher in the nation's largest bank by deposits, Bank of America (NYSE: BAC), after Goldman Sachs told investors to load-up on the shares. Goldman added the stock to their prestigious Conviction Buy List, citing the ongoing capital raise and a solid quarter for the company's mortgage and capital markets businesses. Broadly financials are up 5%, as represented by the ETF Financial Select Sector SPDR (NYSE: XLF).
Related Categories
General NewsStocks Mentioned
+0.00Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
