Dow Jones Industrial Average could not resist and fell

Dow Jones Industrial Average fell down

In brief: Dow Jones Industrial Average was not as strong as it was yesterday, blue chips suffered greatly this day.

Dow Jones Industrial Average became weaker than yesterday. One of the major indices retreated back at the very start of trading, but then began to make up for losses, however, Dow Jones eventually collapsed. Trading in the U.S. on Tuesday, May 11 ended lower major indices. Investors analyzed program to create a stabilization fund in Europe. Significant impact on the player’s economic data from China, who speak of the possibility of tighter monetary policy in this country.

As a result of trading the index of “blue chips” Dow Jones Industrial Average fell 36.88 points or 0.34%, to 10,748 points. The index of wide market S & P 500 closed lower by 3.94 points or 0.34%, at around 1156 points. “High-tech” Nasdaq Composite closed higher at 0.64 points or 0.03%, at around 2375 points. The main loss during the bidding became company MBIA Inc. The world’s largest bond insurer MBIA Inc. re getting cheaper. Paper companies have fallen in price by 11% after the publication of disappointing financial report for the I quarter of 2010. Similar is the case with the securities Internet travel agency Priceline.com Inc. The company’s shares have fallen in price by 14,3% against the background of information that Priceline.com profit in II quarter of 2010. can be below the expectations of analysts on the weakening of the euro and the negative impact of the debt crisis in Greece, which may cause travelers to abandon the planned trips.

Ukrainian Globalist
2010-05-11 20:29, Economics.

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