Dow Jones Industrial Average is in a suspended state

Dow Jones Industrial Average accelerates upward

In brief: Dow Jones has offered new hope to investors. Bulls set to buy with greater force, but the growth of Dow Jones Industrial Average is sluggish and uncertain.

Dow Jones Industrial Average to justify the hopes of bulls and some experts, although the increase in the index looks uncertain. The stock market is prepared to attack bears, but the losses remain. Dow Jones intends to find a new foothold in the reports, which will be released in the U.S. before the end of the week. Stock trades in the U.S. 18 May 2010. open to different movements of leading indexes against the background of statistical data on the U.S. economy and corporate reporting the largest U.S. companies. In general, submission of quarterly reports from companies were sufficiently favorable.

Thus, the results of the largest U.S. retailer Wal-Mart Stores Inc. surpassed analysts’ forecasts. The company announced that net profit after I quarter 2010-2011 financial year, which ended April 30, 2010., Grew by 10,0% – up to $ 3,320,000,000 to $ 3,020,000,000 against last year. As a result, the company’s shares rose in price by 2,9%. At current the time the Dow Jones rose 44.51 points (0.42%) – up to 10,670.34 points, the index S & P – on 3.53 points (0.31%) – up to 1140.16 item, with the Nasdaq Composite Index fell 5.09 points (-0.21%) – up to 2,349.87 points. Meanwhile another U.S. retailer – Company Home Depot failed to strengthen its positions on the trading floors (the paper companies have fallen in price on 1,3%), despite the submission of financial reports according to which the I quarter of 2010-2011 fiscal year, net profit increased by 41, 1% – up to 725 million dollars compared with 514 million dollars received a year earlier. Investors are paying attention to the report of the Ministry of Labor, according to which the index of industrial prices in the country for April fell to 0.1%, although, according to analysts, was to increase by 0,1%. In addition, the U.S. Department of Commerce published the data on the volume of construction of new homes in April 2010. According to the American authorities, rose by 5,8% and amounted to 672 thousand units. Meanwhile, analysts predicted that the figure of the past month would be 650 thousand units.

Against this backdrop, investors have shown activity in relation to securities of one of the world’s largest banks, Citigroup (+0,4%), 27% of the securities of which belong to the American government. In the “plus” open bidding also for the world’s largest manufacturer of construction equipment – the company Caterpillar Inc. (1.1%). Less favorable developments in the bidding for a developer of software for analyzing the financial operations of Fidelity National Information Services Inc. (FIS). Earlier, Fidelity National announced its intention to buy a number of private investment companies, but negotiations on the takeover failed. Against this backdrop, the company’s shares have fallen in price on 4,3%. The background for the U.S. stock trades and provide news from Europe, where today met finance ministers of the EU. In particular, at a meeting in Brussels discussed the regulation of hedge funds, according to which European heads of finance ministry finally came to a common denominator. “I believe that we have reached a definite agreement on this issue,” – said Minister of Finance of Italy, Elena Salgado. She clarified that the agreement provides “an overall strategy for the introduction of more stringent restrictions” (regulating the activities of hedge funds and private equity firms).

Anrey Torbinski
2010-05-18 16:23, Uncategorized.

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