Over at Dow Jones, DJI had jumped significantly due to rebound of finanical stocks which had declined 8 percent over the last two very disappointing sessions. iThe latest government data showed inflation pressures may reached its absolute peak, with major decline of crude oil and other various commodiy.
Shares of Bank of America Corp, the current No. 2 U.S. bank, boosted the S&P, and led the Dow Jones Financial Sector, with a gain of 4.1 percent to its current $30.05.
JPMorgan Chase was seen to have increased signicantly, just two days after the current No. 3 U.S. bank declared that it had taken $1.5 billion worth of further write-downs in the current quarter.
The Dow Jones industrial index, DJI went up 112.12 points, or 0.97 percent during the time of post. DJI is likely to remain in the positive territory as investors went for the attractive prices currently presented to them.
All the above are of personal opinion and based on market data. Not an inducement to trade.