Dow Jones Industrial Average came as a wedge into the bear flocks
Dow Jones Industrial stopped bear's attack
In brief: Dow Jones Industrial Average swung 180 degrees and plunged into battle. Most investors believe in the strength of the main U.S. index.Dow Jones Industrial Average prefers to grow slowly in the short period of time. Dow index will not try to grow by 5-7% during the same session, but to lose ground and does not intend to. The growth of Dow Jones Industrial Average is progressive and powerful. Major U.S. stock indices at the opening of trading on Tuesday, rising against the background of the strong development of statistics on the real estate industry in the country and producer prices, according to data exchanges.
The Dow Jones Industrial Average at auction in New York rose by 0.84% – up to 10 715.38 points. Broad market index S & P 500 gained 0.99% and was at 1 148.18 points. Index of high-tech companies Nasdaq added 0.84%, rising to 2 374.05 points. “The market weakens panic caused by fears over the possible extension of the European recession in the U.S., – agency Bloomberg commented on the situation in the stock markets of the country investor Chemung Canal Trust Co. Tom Wirth. – As these fears recede, we begin to notice, as markets grow. If we look at our country, the situation is positive. Data on sales, number of new buildings are very positive. ” The enthusiasm of investors led a strong real estate statistics. According to the U.S. Department of Commerce, the number of new buildings in the country last month rose by as much as 5,8% and reached a maximum value from October 2008 – 672 thousand homes. Growth also assisted in the initial key exchange indicators and statistics on producer prices. Under the Ministry of Labor, Producer Price Index in the country in April after removing seasonal variations fell by 0,1%, while analysts had expected growth rate of 0,1%. The debt crisis in Europe is having a moderating influence on prices in the U.S., thereby preventing the growth of inflation.
Ukrainian Globalist2010-05-18 15:01, Economics.
News on: Bloomberg, Chemung Canal Trust Co., Dow 30, europe, high-tech, Major U.S. stock indices, Ministry of Labor, New York, producer, real estate industry, real estate statistics, recession, S&P 500, Tom Wirth, U.S. Department of Commerce, United States, usa