General Electric Company (GE) and Bank of America Corp (BAC) Surge as the Dow Rises

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However, even UnitedHealth isn’t having so bad a day as Alcoa Inc. (NYSE:AA). The aluminum company has lost 2% so far in a backblast from last week’s deal, when Chinese company CITIC purchased a 13% stake in Australian company Alumina. Alumina boasts a 40% stake in a joint venture with Alcoa, and investors today apparently feel the need to lock in gains after Alcoa’s stock surged last week.

The article GE and Bank of America Surge as the Dow Rises originally appeared on Fool.com and is written by Dan Carroll.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool recommends American International Group and UnitedHealth Group. The Motley Fool owns shares of American International Group, Bank of America, and General Electric Company and has the following options: Long Jan 2014 $25 Calls on American International Group.

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