Yesterday’s Wall Street trading session started with a narrow-range movement. Later some indexes managed to recover from the previous losses.
Dow Jones gained 0,03%, thus reaching 12878, S&P500 declined by 0,09 down to 1351, Nasdaq rallied 0,02 up to 2932. The US retail sales report was a major market driver.
Investors keep watching the situation in Greece. The eurozone minfins are said to discuss the new Greek salvation plan by phone. That is why there are rumors that the financing is still not approved.
Yahoo found itself to be NYSE’s biggest looser yesterday after it failed to purchase Alibaba because of numerous disagreements.
In the meantime, according to the Department of Portfolio Investments of , Bank of America’s market capitalization has increased by 2.2% up to $8.25 per share while JP Morgan’s one has increased by 1.8% up to $38.30 per share.
Most analysts consider 1350 to be the critical level for S&P500. If the price consolidates above it, the market will continue its rally. It should be noted that since Oct 2011 S&P500 has strengthened by 25%.
