Dow Jones Industrial Average crushes bears and promises profits for bulls

U.S. stock market has opened with growth of indexes

In brief: Dow Jones Industrial Average is stored forces for a new leap upward. Excellent economic statistics enables the U.S. stock market to overcome the obstacles to rapid growth.

U.S. stock trading opened today, the growth indices for the background release reports that the string of the stock falls came to the end and intention of China to invest in the economy of Europe. Now Dow Jones Industrial Average increased by 1.49% to 10,122.72 points, the index of Nasdaq – on 2,36% to 2,247.71 points and the S & P 500 – by 1.53% to 1,084.27 points. One of the main reasons for the positive trend on the market is the latest reports on unemployment in the U.S..

The number of initial applications for unemployment benefits in the U.S. for the week ended May 22 fell by 14 thousand – 460 thousand against 474 thousand a week earlier, said in a Thursday press release, U.S. Department of Labor. The average for the four weeks the number of initial bids increased by 2,250 thousand to 456.5 thousand for the week ended May 15, the figure was 454.250 thousand. The number of people receiving the unemployment benefit, for the week ending May 22 totaled 4.381 million people, which is 88,3 thousand less than the equivalent figure for the previous week (4439000). The number of initial applications for unemployment benefits is published weekly U.S. Labor Ministry. The index reflects the number of first requests for benefits during the week. At the same time extend the data on the number of people receiving benefits. Both indicators reflect the dynamics of the labor market and are often revised, providing a moderate impact on the market. Weekly values of the primary applications is extremely volatile, so many analysts prefer to track the dynamics of average for the four-week target.

Ukrainian Globalist
2010-05-27 14:14, Economics.

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