Diamonds and Dogs
Bank of America (BAC) higher following earnings. The big banks took it on the chin last week, but a better-than-expected report from Bank of America and bullish forecast are lifting the big banks. The CEO said the size of the economy is bigger than pre-pandemic levels, consumer spending remains strong and unemployment is low and wages are rising.
Chinese ride-hailing company DiDi Global (DIDI) lower following earnings. DiDi is down 18% after their quarterly loss almost doubled while the company announced it would hold a vote among shareholders on May 23 for potential delisting from the New York Stock Exchange.
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