FX & CFD trading involves significant risk
Stocks have stretched to fresh session highs. The move comes amid some relatively broad buying interest. However, financials have failed to return to the levels that they set in the early going. Instead, financials are up a moderate 0.4%.
Bank of America (BAC 13.00, -0.13) has become a burden to the financial sector after it had actually traded with strength in the early going. Volatility in shares of BAC come in the wake of news of an earnings miss for the most recent quarter and an announcement that the bank has reached an agreement on mortgage repurchases with Assured Guaranty (AGO 17.90, +3.73). The expiration of monthly options is likely adding to volatility.
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