Bank of America to be the worst stock of Dow Jones

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Source: Bloomberg

Bank of America is on path to become the worst stock within Dow Jones Industrial Average Index for 2011.  Growing concern among investors about escalating mortgage losses amid global slowdown pushed down the value of US second-largest lender. On year to date basis, Bank of America has plunged 59.07% with one trading session left. Bank of America is likely to be the worst performer of 2011 also in S&P 500 Index. 

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Fri, 30 Dec 2011 08:45:48 GMT

US pending house sales surge to 19-month high

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Fri, 30 Dec 2011 08:58:20 GMT

US stocks move higher with one session left

US stocks traded higher on Thursday as the number of long-term jobless claims indicated positive trend for US employment level. Dow Jones Industrial Average gained 1.12% or 135.63 points closing at 12,287.04. S&P 500 Index added 1.1% or 13.38 points reaching 1,263.02, while Nasdaq Composite climbed 0.9% or 23.76 points at 2,613.74. 

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