Dow Jones Industrial Average began to inspire hope

Dow Jones Industrial Average became reliable?

In brief: Dow Jones Industrial Average has pleased many investors after it fell on the background of the negative statements of some companies of their sector.

Dow Jones Industrial Average and S & P 500 have become leaders in the growth of world trade. U.S. stock indexes closed on Wednesday the growth. A favorable earnings forecast by International Business Machines has boosted the shares of technology companies, whereas the securities of companies that depend on world economic growth, such as DuPont and Caterpillar, rose in price after reports of more positive than-projected GDP growth in the eurozone. Index Dow Jones Industrial Average rose 148.65 points or 1.38%, to 10,896.91 points, which was the highest close since May 4.

Leader growth was the company IBM – shares rose 5.79 dollars, or 4,6%, to 132.68 dollars. Executive Director of IBM, Samuel Palmisano said the company will double its revenues, and its shares will be worth at least $ 20 per share by 2015. To its shares were worth $ 20, the company will have to increase its profits by about 12% this year. In 2007, IBM predicted that the growth of its revenue is 10% – 12%. Stock Quotes DuPont rose 1.57 dollars, or 4.2%, to 39.26 dollars. Caterpillar shares rose 2.08 dollars, or 3.2% to 68.15 dollars. Growth stocks of industrial giants, are actively involved on the international stage, followed after the release of data showing quarterly GDP growth in the 16 eurozone countries at 0.2% in the 1 st quarter of this year compared to 0,0% in the 4 th quarter 2009 year. In addition, the annual GDP growth of 0,5%, as indicated by preliminary data of the European Union statistical agency Eurostat. Both figures slightly exceeded forecasts of economists. Walt Disney demonstrated the worst performance in the Dow. Shares of the company fell 63 cents, or 1.8%, to 35.13, despite the fact that Disney profits in the 2 nd quarter exceeded analysts’ expectations. Investors were disappointed by the record company, under which revenues in the second largest division of Disney, in charge of theme parks and resorts fell by 12%. The Nasdaq Composite Index rose 49.71 points or 2.09%, to 2425.02 points. Index Standard & Poor’s 500 rose 15.88 points, or 1.3%, to 1171.67 points. All sectors of the S & P 500 finished the session in positive territory, with the top gainers were technology and industrial companies.

Ukrainian Globalist
2010-05-13 09:59, Economics.

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