Stock trends were choppy during the last trading session which was the opening
day for the month of September. Many were hoping for something a bit better than
what was observed as August was quite volatile for stocks, and the new month
presented an opportunity for optimism. Stock futures began the day in the red
and continued to trend in negative territory for the majority of the trading
session however. The Nasdaq ended the day lower by 1.30 percent at 2564.04. The
S&P 500 closed out lower by 1.19 percent at 1,204.42 and the Dow Jones
Industrial Average finished lower by 1.03 percent at 11,493.57. Several major
banks performed poorly during the opening session of September and ultimately
applied negative pressure to the stock indices overall. The poorly performing
components applied just enough negative pressure to push stock indices lower
into the red for the day. Earlier economic data, such as the initial
unemployment claims and the ISM report were better than expected. According to
google stock quotes, Bank of America closed out the day in the red. BAC ended
the last trading session lower by 3.18 percent or .26 at 7.91. Previous close
for Bank of America was 8.17. Frank Matto
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