Dow Jones Industrial Average shows the way forward for the stock market

Dow Jones is preparing for good growth

In brief: Dow Jones Industrial Average gave a powerful rebuff to bear in early trading, then began the rapid growth of Dow Jones index. Brokers are beginning to believe in the prospects for the U.S. stock market this week.

Dow Jones Industrial Average went up for sale with confidence in victory. Analysts and market experts said that today will be the loan for the Dow Jones index. New trading hours blue chips overcame obstacles and grew by more than 0,5%. This fact has become a signal for the bulls. Wall Street opens growth indices after many days of sales and on the background of encouraging statistics on orders for durable goods.

At this point in time Dow Jones rose 0.69% to 10 113.43 points, Standard & Poor’s 500 – by 0.90% to 1 083,73, Nasdaq Composite – on 1,22% to 2 237.95. Shares of banks and industrial companies, stronger than others depreciating in previous depressive days, raised the price above the market. Quotes Citigroup Inc. increased by 5%, and paper industrial conglomerate General Electric Co – by 2,4%. During the recent correction of U.S. indexes lost more than 10% from the last peak on April 23. But by Tuesday evening the direction of the market has changed, and the Dow Jones index rose above the psychologically important mark of 10,000 points.

Pavel Migin
2010-05-26 14:20, Economics.

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