Stocks Back In Rally-Mode, Dow Jumps 200
More News related to BAC
- Copano Energy to Present at the Bank of America/Merrill Lynch 2009 Energy Conference
- Bank of America Extends Nearly $184 Billion in Credit in Third Quarter
- Carriage Services Amends and Extends Credit Facility
- SmallCapSentinel.com: Exceeding Expectations
- Active equity option families in first 30 minutes of trading according to Track Data are: BAC CVS QCOM CSCO
More News related to LOW
- Lowe's Companies, Inc. Invites You to Join Its Third Quarter 2009 Earnings Conference Call Webcast
- Notable Analyst Rating Changes 11/06: GE, CBS, HD/LOW, M Upgrade; ESLR, RMD, SUN Downgrade
- Bank of America Upgraded Home Depot (HD) and Lowe's (LOW) Two-Notches To Buy
- Home Updates You Can Do -- Just in the St. Nick of Time
- Media Advisory: Rebuilding Together and Lowe's Team Up To Renovate and Repair a Home In Dallas For 'Make A Difference Day'
More News related to XLF
- Financial Select Sector (XLF) volatility near 15-month lows
- Financial Select Sector (XLF) volatility flat at 42
- ETF Movers: XLF, XLB, TAN, USO, GLD Up; FAZ, IYT, KRE Lower
- Despite Upgrade, SunTrust (STI) Moving Lower
- Financials One of the Worst Performing Sectors as Dollar Strengthens
More News related to General News
- Dow Surges 200 Points As G-20 Promises To Keep The Pump Primed
- Might Cisco (CSCO) and EMC (EMC) Look to Merge, or Simply Stay Friends With Benefits?
- Sherwin-Williams (SHW) Looks to Re-Coat their Profits in 2010
- L-3 (LLL) May be One Offensive Defense Stock to Watch in FY10
- China to raise gasoline, diesel prices tomorrow, NDRC says
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
+0.72Related 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!
