Dow Jones Industrial Average began to grow rapidly

Dow Jones index is breathing in the back of S & P 500

In brief: Dow Jones Industrial Average is growing and has the full support from the other stock indexes, for example, S & P 500 and Nasdaq Composite.

Dow Jones Industrial Average and S & P 500 steadily kept in the green zone. On Wednesday, May 12, the American stock market in the first half of the trading session demonstrates positive dynamics. At the epicenter of the rally were regional banks have received favorable reviews from analysts, Morgan Stanley. Gold – for the second consecutive day traded in positive territory, taking advantage of the desire of investors to get a protective asset in the face of European debt crisis.

At 19.53 on Kiev time index of the broad market Standard & Poor’s 500 is trading with an increase of 0.92% on a mark to 1,166.38 points, the light blue-chip Dow Jones Industrial Average adds 1,02% to a level of 10,857.77 points and the index high-tech Nasdaq Composite traded in positive territory at 1.45% on a mark to 2,409.66 points. A high-tech sector looks better than the market in anticipation of reporting Cisco Systems. Left macroeconomic data surprises have not brought the special – a trade deficit in March was just over $ 40 billion, in line with guidance; oil reserves for the past week increased significantly – by 1.9 million barrels following an increase of 2.8 million a week earlier. The only thing we did not expect – so it is reducing gasoline supplies by 2.8 million barrels. The external background for the U.S. session, the positive – trades in Europe were under the control of the bulls in Asia was recorded mixed dynamics with a predominance of growth. Reporting and macro statistics for Europe are not left him the chance to move markets downward. The dollar index rose by 0.33%, gold and silver added 0.8% and 1,7% respectively, industrial metals and energy are traded in the black.

In the composition of the index of blue chips more than 2% added shares Boeing, Cisco Systems, DuPont, IBM, Intel. In the minus traded AIG, BofA, JPMorgan, Kraft Foods and others. Shares of regional bank Huntington Bancshares (Ohio) and Marshall & Ilsley (Wisconsin) moved against the comments of analysts Morgan Stanley. Huntington shares have risen in price by more than 4%. But the paper of the Morgan Stanley fell 2.9% – according to information Wall Street Journal, U.S. prosecutors accused the bank of fraud in the sale of mortgage derivatives investors. However, the CEO of Morgan Stanley denies charges by the prosecution. Apple adds more than 2% against the background of statements by the President of China Unicom that the company is considering implementing iPad in China. Shares provider of IT solutions for the banking sector Fidelity National Information Services traded with an increase of 3,5% – Rumors that the Blackstone Group, Thomas H. Lee Partners and TPG Capital are in talks about buying the company for $ 15 billion Recruiter Kelly Services adds 2% after the publication of a quarterly report – the company managed to lock in profits (subject to certain deductions) of 5 cents per share, while analysts expected loss of 17 cents per share .

Ukrainian Globalist
2010-05-12 17:04, Economics.

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