Rochester, NY 8/22/2009 1:03:24 AM
Bank of America Corporation BAC, Bank of America Corporation Recently Release On Housing Data Stocks Build Gains
Bank of America Corporation BAC
Bank of America gains accelerated after the National Association of Realtors said existing home sales increased 7.2% to an annual rate of 5.24 million units in July, marking the largest monthly increase since 1999 and the first time in five years that existing-home sales have increased for four months straight. Analysts had expected a more modest increase to a rate of 5 million units.
Industrials Alcoa AA, General Electric GE and Caterpillar CAT gained more than 1.5% early on the Dow. Financials Bank of America BAC and JPMorgan Chase JPM were also up more than 1% on the index.
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