Stocks stay modestly higher; BofA off 6%

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Stocks were modestly positive in late-afternoon action Monday after surrendering much larger gains.

The Dow Jones industrial average was up 0.7%, while the Nasdaq composite and S&P 500 traded 0.4% higher. Volume continued to track lower across the board.

Among big caps, Bank of America (BAC) was down 6% in strong turnover. The banking giant is 57% off its 52-week high. It’s down amid reports it will sell holdings in a Chinese bank.

Full story: Stocks Stay Modestly Higher; BofA Off 6% –