Dow Jones Industrial Average: good statistics is a green light for the bulls

Dow Jones goes in the plus from the beginning

In brief: Dow Jones Industrial Average started trading with strong growth against a background of positive statistics on the growth in consumer incomes in April.

Dow Jones Industrial Average took a lift from growth in today’s trading on the U.S. stock market. Positive role played by new data statistics. In the USA, the volume of consumer incomes in April compared with the previous month increased by 0,4%, the volume of consumer spending has not changed, according to a report of Ministry of foreign trade. Analysts had expected growth of 0,4% and 0,3% respectively.

Analysts had expected increase of this indicator on 0,5%. Dow Jones is growing by 0.18%. At the opening of stock trading in the U.S. are now expected to increase in most of the leading indexes. Quotes will continue to increase, observed in the course of the previous trading session on 27 May 2010., When the Dow Jones index rose by 284.54 points (2.85%) – up to 10258.99 points. In addition, investors’ activity was observed today in Asian and European trading floors on the statements of the People’s Bank of China that Beijing will continue to invest in debt obligations of the euro zone, denying rumors circulated earlier to restructure its gold reserves.

Pavel Migin
2010-05-28 13:56, Economics.

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