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To add your announcements to this page Bank stocks shot higher Friday after an agreement on a financial regulation bill reassured investors that new rules won't devastate financial companies' profits. Banks outdistanced the acn business presentation of the market after congressional negotiators agreed on a bill that increases the regulation of financial companies, but that doesn't include some of the harshest provisions that the government originally proposed.
The legislation imposes new rules on the complex investments known as derivates, but the rules aren't as strict as investors feared.
It also includes a far milder version of what's been called the Volcker rule. That rule, named after former Federal Reserve Chairman Paul Volcker, would have banned commercial banks from trading simply to increase their profits, a practice known as proprietary trading.
The stock market's overall gains were limited by the government's final report on the gross domestic product for the first quarter. The report follows a string of weaker-than-expected economic numbers in the past week and raised investors concerns about the recovery.
The Dow fell 8. For the week, the Dow is down 2. The market fell sharply Wednesday and Thursday in response to the disappointing economic reports. The indexes fluctuated for much of the day, in part because of the annual reshuffling of stocks in the Russell indexes. That forced investors to buy and sell certain stocks if they have portfolios that follow the indexes.
The Russell index of smaller companies rose Almost four stocks rose for every one that fell on the New York Stock Exchange, where consolidated volume came to a heavy 6. The big volume was the result of the buying and selling in Russell index component stocks.
Copper futures for September delivery climbed 8. The metal is up 7. Friday, June 259:ACN Business Opportunity Presentation. What if you got paid every time someone talked on the phone, watched television, sent text messages, surfed the Internet, swiped a .
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