Dow Jones Industrial Average increases rapidly

Dow Jones began trading at the U.S. stock market to rise

In brief: Dow Jones Industrial Average is growing with great confidence after the positive futures trading. All blue chips rising more than 1% in early trading on the U.S. stock market.

U.S. stock market begins to recover in the second half of the week. Dow Jones Industrial Average did not wait for attack by the bears and went out into the open growth. The green zone has become a second home for Dow Jones today. Brokers began to sharply increase the volume of trades than the set bears a dead end. Following these positive statistics, the American bulls took the market in its tenacious hands. Dow Jones Industrial grows by +163.84 (1.64%). Now index tades at 10,138.29 points. Good news came frov the sellers of luxury goods.

The second-largest seller of luxury jewelry Tiffany reported that net profit in the first quarter to end on April 30 was $ 64.4 million, or 50 cents a share, compared with $ 24.3 million, or 20 cents a share a year earlier. Except for one-time items, profit on one paper had reached 48 cents against 37 cents analysts projected. Sales at stores open at least a year, increased by 10%. However, total sales at Tiffany rose 22% to $ 633.6 million the company predicted, the annual earnings per share range of $ 2.55 to $ 2,6, and sales will grow by 11%. The middle level commercial market has also announced increasing of profits. U.S. food manufacturer HJ Heinz recorded profit growth for the fourth quarter to end April 28 with $ 175.1 million, or 55 cents per share a year earlier to $ 192.4 or 60 cents per share. Analysts on average expected profit of 59 cents per share. Despite the favorable momentum, the company’s representatives noted that the financial results for the current fiscal year may be affected by currency fluctuations.

Anrey Torbinski
2010-05-27 13:51, Economics.

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