Dow Jones Industrial seized everything from the bears

Dow Jones Industrial Average grows up substantially

In brief: Dow Jones Industrial Average headed upstairs. Growth Dow Jones index of 2% was a record for the last days. Market volume during today's trading has grown substantially.

Dow Jones Industrial Average gained +205.26 points (2.06%). The current position of Dow Jones Industrial index closer to 10,180, more precisely – 10,179.71. Total trading volume in the market is growing continuously. Representatives of the financial sector has managed to increase market capitalization on the weakening of European fears about the spread of financial crisis on other regions. For example, shares of Citigroup and Bank of America moved to 3,89% and 2,71% respectively.

Paper Tiffany jumped 5.46%. The second-largest seller of luxury jewelry said 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 year earlier paper. Excluding one-time revenue profit for the period reached 48 cents per share, with an average forecast of analysts of 37 cents per paper. Sales at stores open at least a year, increased by 10% and total revenue Tiffany rose 22% to $ 633.6 million. Rise in price of oil and metals contributed to the growth of quotations of metallurgical and energy companies. Thus, the action Alcoa “recovered” at 3,38%, while Exxon Mobil paper strengthened by 2,6%. Shares pharmacist Pfizer became “harder” to 1,65%. The company said the completion of the test drug Inspra. An independent committee overseeing the investigations of the company, today announced that patients who took medication Inspra, as well as adhere to the main recommendations significantly decreased risk of death and hospitalization of heart failure. Quotations Microsoft rose to 4.64% on recommendations for improving a company’s securities analysts FBR Capital Markets.

Pavel Migin
2010-05-27 18:03, Economics.

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