The three most active funds and stocks in pre-market trading on the NYSE were Dollar General
(NYSE:DG), Bank of America
(NYSE:BAC), and SPDR S&P 500 ETF
(NYSEARCA:SPY) as of 9:20 a.m.
3.31 million shares of Dollar General, which was down $0.20, or 0.38%
. Yesterda yDollar General announced
an underwritten secondary public offering of 36 million common shares at a price of $51.75. The shares are being sold by existing shareholders.
Investors exchanged 3.26 million shares of
Bank of America, which was down $0.10, or 1.11%
. According to Reuters
, Bank of America will pay $2.43 billion to settle a class action lawsuit with investors who held its securities at the time the company announced plans to acquire Merrill Lynch.
Investors also traded
3.18 million shares of
SPDR S&P 500 ETF, which was down $0.63, or 0.44%.
Investors are awaiting the results of a stress test of Spain's banks. (See also: Pre-Market Primer: Stocks Fall Ahead of Spanish Stress Tests.
No positions in stocks mentioned.