The two most active funds and stocks in pre-market trading on the NYSE were SPDR S&P 500 ETF
(NYSEARCA:SPY) and Bank of America
(NYSE:BAC) as of 9:15 a.m. EST.
Investors exchanged 4.37 million shares of
SPDR S&P 500 ETF, which was up $1.49, or 1.09%
2.60 million shares of
Bank of America, which was up $0.21, or 2.30%.
Earlier, Stifel Nicolaus upgraded shares of the company to Buy.
Other big bank stocks were also on the rise. Barclays (NYSE:BCS) gained $0.63, or 4.27%, while Citigroup (NYSE:C) rose $0.69, or 1.97%.
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.