The stock market continues to trade roughly 1.0% higher. This session's primary leaders include financial players Bank of America (BAC 29.81, +0.96), JPMorgan Chase (JPM 38.20, +1.07), and Citigroup (C 19.98, +0.77).
Citigroup announced it is closing the hedge fund Old Lane Parterns, which it acquired less than one year ago, according to The Wall Street Journal. The hedge fund was co-founded by current CEO Vikram Pandit.
Tech (+1.6%) has regained its strength and the Nasdaq is back near its previous morning highs.
The dollar is showing some renewed strength, as indicated by the dollar index. The dollar index is up 0.8% this session.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment