Wall Street on course for recovery – Bank of America in focus

Wall Street on course for recovery – Bank of America in focus
New York Stock Exchange

The decline in profits at the big US money houses had dampened the mood on Wall Street at the end of the week.

(Photo: AP)

Frankfurt A better-than-expected result at the second largest US credit institution, Bank of America, made investors on Wall Street optimistic at the beginning of the week. The Dow Jones index of standard values ​​rose by two percent to 30,225 points on Monday. The broader S&P 500 climbed 2.6 percent to 3,676 points and the tech-heavy Nasdaq index jumped more than 3 percent to 10,652 points.

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