Bank of America stock price slips as retail sales stall; CPI and jobs ahead
Bank of America shares fell about 1% to $55.82 in midday trading Tuesday after weaker-than-expected U.S. retail sales data pushed Treasury yields lower. The KBW Bank ETF slipped 0.7%. Investors are watching upcoming jobs and inflation reports for signals on interest rates. Bank of America CEO Brian Moynihan said rates are likely to keep coming down.