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Bank of America Shares Up Over 100% This Year

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  • Description

    FBN’s Nicole Petallides breaks down the day in the markets.

  • Duration 2:06
  • Date

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Let's go to the call that a lady she's at the New York Stock Exchange for details here was that talk about coming back outside it may -- even working through.

New years eve and New Year's Day that seem to move the market right.

I couldn't believe -- Dave I mean this is the kind of day we start off to the upside.

We -- slowly moving lower limit down about a 150 points and we just -- -- we were stagnant.

All of a sudden the headline crossed that they were gonna be working on a Sunday at 6:30 PM and the market just began -- -- backup that mean.

It did he didn't think that Wall Street and Washington weren't tied together today you know for sure -- investors are so CNN on Washington.

-- we're also watching for bigger retailers -- -- piece in the Wall Street Journal today calling for retailers.

Honey do or -- mission very 2013 did they do they died today a little -- Nicole hang out.

Exactly and you know we've seen a lot of the retailers under pressure I mean certainly that -- so great today.

And many of these names in particular I would talk about JC Penney and RadioShack -- Best Buy.

They've had a tough year 2012 so they really aren't you -- di de you know talk about managing talk about competition.

You talk about how are they gonna set up to win as opposed to -- that these are the key players to watch -- they do a giant -- thirteen.

All right well no sector in the market is more affected by what happens to -- your financial sector directly affected by the Fed that.

By Tax Policy Center in the financials.

Had a turnaround -- well I think there's still generally negative.

And we should mention by the way right now is now negative but just by a couple of -- again to turn around -- story.

Financials in general today tell us how they -- -- -- -- one I would talk about that really represents what that went on the financials is Bank of America America hit a 52 week high sold off it was like a number.

-- Dow -- to enter the Dow.

And then moved back came up off the lives up to -- the potential to really drive the market right here not you.

We started the very.

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