Dow Jones Industrial Average: a feast of bulls takes place on bear bones

Dow Jones has shown a positive trend and kills bears' hopes

In brief: Dow Jones Industrial Average and Standard & Poor's 500 are the undisputed leaders trades in the U.S., the American stock market is living in the hope of new wonders.

Dow Jones Industrial Average starts to please investors, the second consecutive day. Trading in the stock market are measured and quite positively. Dow Jones IA is trying to make up for loss of profit due to strong growth. On Friday, May 21, the American stock market in the first half of the trading session demonstrates the confidence the positive dynamics. Favorable trading background has given the news that Germany’s lower house of parliament approved the participation of States in the $ 1 trillion-dollar stabilization fund of the EU.

Also, the market acceptance of the U.S. Senate debated a number of reforms in the financial sector, which are supposed to protect the financial system from another collapse of the mortgage market and other unpleasant thing. An important macroeconomic statistics for the U.S. today does not go, taking advantage of the absence of pronounced negative news and oversold market after three days of correction, the bidders decided at the end of the week to organize the rally. At the current time the index broad-market Standard & Poor’s 500 is trading with an increase of 1.24% on a mark to 1,084.92 points, the light blue-chip Dow Jones Industrial Average adds 0,88% to a level of 10,156.17 points and the index high-tech Nasdaq Composite traded in positive territory at 1.27% on a mark to 2,232.01 point. The dollar index declined by 0.14%, gold and silver added 0.1% and 0,7% respectively, industrial metals and energy are traded in positive territory, especially strongly today, rising copper and aluminum. In the composition of the index of blue chips more than 2% of the added shares Alcoa, American Express, Boeing, Caterpillar; more than 3% of the shares strengthened Bank of America, AIG, JPMorgan, Wells Fargo and Yahoo. The biggest loser here is AT & T (-1,1%). Branches in the context of financial sector is beyond comparison – the news of the approval of the reform, the Senate made clear and instilled some confidence in the shares of banks, manufacturers and oil companies also do not look worse than the market; in minus traded sector, most often associated with “protective” – utilities and telecommunications. Shares manufacturer Dell computers have fallen on 5,5% after the publication of statements for the fiscal quarter to end April 30. The company recorded a net profit of $ 441 million, or 22 cents per share, compared with $ 290 million, or 15 cents a share, a year earlier, but excluding certain items profit totaled 30 cents per share, beating Wall Street forecasts by 3 cents. But given the fact that the yard today rally the bidders were more exacting demands and considered sufficient cause for discharge stock Dell backlog gross margin from an average forecast of 0,1%. Youth Clothing Retailer Aeropostale jumped by 6.2% after the first quarter accounted for better than expected. The manufacturer of processors for BlackBerry, Marvell Technology Group, has moved on 9,6%, also published successful financial results over the past quarter. Shares Ziopharm Oncology climbed 10.3% on the background information that the company’s experimental drug for cancer treatment has shown favorable results in clinical trials.

Anrey Torbinski
2010-05-21 17:24, Economics.

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