Bank of America results lift mood on Wall Street; Dow 30 up by over 500 points, S&P 500, Nasdaq Composite also gain
Dow 30 was trading with gains of over 500 points or 1.72% at 30,145.20. Meanwhile, S&P 500 was trading at 3,669.70, up by 86.63 points or 2.42% and Nasdaq Composite was trading at 10,633.50, higher by 312.09 points or 3.02%
US Markets opened with a bang on Monday riding on a strong quarterly results posted by the Bank of America (BAC). The results were better than the street's expectations and assume importance at a time when the US Federal Reserve has trained its gun on taming inflation and increasing interest rates. At the time of filing of the story, BAC shares were trading at USD 33.64 on the NYSE and was up over 6 per cent. The centment was reflected in the overall US markets as Dow 30 at this time was trading with gains of over 500 points or 1.72 per cent at 30,145.20. Meanwhile, S&P 500 was trading at 3,669.70, up by 86.63 points or 2.42 per cent and Nasdaq Composite was trading at 10,633.50, higher by 312.09 points or 3.02 per cent.
(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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