Dow Jones Industrial Average gives new hope for the traders

Dow Jones Industrial Average will not give up under the pressure of the bulls

In brief: Trading on the U.S. stock market will be in the green area today. This opinion expresses the overwhelming majority of interviewed experts and analysts. Dow Jones may become a leader.

Dow Jones Industrial Average began trading on the stock market after the release of positive reports and statistics. Bulls are preparing for another attack on the position of bears at Dow Jones Industrial Average index. Even after the start of the trading session the final data will the University of Michigan index of consumer confidence in the U.S. in May (according to the forecast of analysts, the index value would be 73.3 points).

An impact on the trading session may have news of mergers and acquisitions. So, today it became known that the British-Dutch oil company Royal Dutch / Shell has approved a deal to buy subsidiaries of American energy company East Resources Inc., As well as most East Resources for 4.7 billion dollars. The interest of investors would also bring news that the British insurance company Prudential has confirmed media reports that it is discussing with the U.S. American International Group (AIG) possible change in terms of the deal for buying the Asian business of AIG Life Insurance – American International Assurance (AIA) . “We reaffirm that negotiations on the current status of the transaction with AIG have been and continue at the present time,” – says the official report of a British company. Turn their attention to the players of the stock market and corporate news, particularly in the financial statements of the American clothing retailer Guess Inc. and one of the world’s largest producers of solutions for WAN-optimization and application performance Blue Coat Systems Inc. Quotations of futures on the Dow Jones Industrial Average rose 11 points (0.11%), the index S & P – at 1.3 points (0.12%), with quotations of futures on the Nasdaq Composite Index declined by 0.75 points (- 0,04%).

Pavel Nurminen
2010-05-28 13:17, Economics.

News on: , , , , , , , , , , , , , , , , , , , ,

Post a comment

E-