Technology giant Cisco Systems ( CSCO) has also had a slow start to the year, but unlike Bank of America, this communications and networking play has the potential to fall ahead of its August 11 earnings date.
|Who Owns Cisco?|
Capitalism 'cannot function well at the zero bound, or with a minus sign as a yield,' says Janus Capital's Bill Gross. His assessment bodes ill for the Federal Reserve.
More strong data raises the stakes for the Fed's September interest-rate decision. Big businesses led August hiring gains, adding 70,000 workers, while small firms hired 63,000 new employees.
Eight years of low rates fueled a commercial real estate boom. Reining it in now might keep the U.S. economy safer in the long run, the Boston Fed chief says.
U.S. stocks staged a post-Yellen rally on Monday, buoyed by comments from the central bank Chair last week.