The Dow Jones Industrial Average and Bank of America Both Bounced Back

The Dow Jones Industrial Average and Bank of America Both Bounced Back.The front does not mean that the economy back on track, or the Dow Jones does not see a sharp drop in tomorrow, even though the Dow Jones Industrial Average rose on Tuesday.

Charlotte-based merchant banking with Bank of America, Inc. (NYSE: BAC) on Monday was bad yesterday. The company was hit with $ 10 billion lawsuit by American International Group (NYSE: AIG) and then also a major hedge fund investor to redeem its 17 million shares.

The company saw its shares fall by more than 20 percent, as some have speculated it may be necessary to raise capital if it hopes to survive a long series of trials.

BOFA on Tuesday saw its stock jump by 17 percent, while its CEO assured investors it was the right way. In stock closed at $ 7.60, more dollars above the closing price on Monday.

BoA CEO Brian Moynihan assured investors that the company may take losses in its mortgage company, Countrywide Financials, and that he was going in the right direction.

The Dow Jones ended the day at 429 points, or 3.97 percent change after intense over 600 points on Monday.

Dow ended in manic trading after the Federal Reserve announced it would not raise interest rates, but would not give a quantitative easing or other measures.

Dow Jones Industrial Average and Bank of America both rebounded from the disastrous Monday to steady progress in the negotiations on Tuesday.