Dow aims to break worst losing streak in 50 years as stocks recover after Fed-fueled rout [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
The Fed cut rates by 25 basis points but signaled less easing next year than markets had expected. Bond yields were up, with the 10-year Treasury yield up seven basis points to 4.568%. Indexes on Thursday rose after a steep sell-off in Wednesday's session following the Federal Reserve's last policy meeting of the year. The Dow Jones Industrial Average was aiming to break a 10-day losing streak, its worst since 1974. The index was up over 300 points at the open after it shed 1,123 points in Wednesday's session. The S&P 500 and the Nasdaq also rebounded, up 0.72% and 1% respectively. The rebound follows the Fed meeting, which resulted in a 25 basis point rate cut, but also signaled less easing ahead in 2025. The central bank indicated fewer rate cuts for next year than previously expected, signaling it will likely only cut rates twice in 2025, down from the four cuts it had projected in its last forecast in September. Fed Chair Jerome Powell stressed the importance of con
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BAC
Earnings
- 10/15/24 - Beat
BAC
Sec Filings
- 12/20/24 - Form 424B2
- 12/20/24 - Form 424B2
- 12/20/24 - Form 424B2
- BAC's page on the SEC website