The three most active funds and stocks in pre-market trading on the NYSE were SPDR S&P 500 ETF
(NYSEARCA:SPY), Bank of America
(NYSE:BAC), and J.C. Penney
(NYSE:JCP) as of 9:25 a.m.
Investors exchanged 5.53 million shares of
SPDR S&P 500 ET, which was down $0.24, or 0.17%
3.4 million shares of
Bank of America, which was down $0.08, or 0.859%.
According to Bloomberg
, Bank of America must face a lawsuit by the Federal Housing Finance Agency over mortgage-backed securities sold by the investment bank.
Investors also traded
3.04 million shares of J.C. Penney, which was down $2.06, or 9.50%
. J.C. Penney reported
a third-quarter net loss of $123 million, or $0.56 per share, compared to a loss of $143 million, or $0.67 per share, in the prior-year quarter. Analysts had expected a net loss of $0.07 per share.
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No positions in stocks mentioned.