Dow Jones Industrial Average: Bulls met bears in mortal combat

Stock Market USA Today demonstrated mixed dynamics, but the Dow Jones rising

In brief: Total trading volume on U.S. stock market remains low, but the bulls continue to provide substantial support for the Dow Jones Industrial Average.

U.S. stock markets futures opened lower. In early trading shares became cheaper oil service companies, Hewlett-Packard and AIG. The negative impact on the market, in particular, provide data on the slowdown of industrial activity in China last month. Then the Dow Jones Industrial Average was able to stabilize a small increase. Dow Jones helped the Bulls reach the level of 10,154.47 points. Growth of Dow index up to the first half of trading amounted to +17.84 (0.18%).

Dow Jones Industrial Average in early trading fell by 52.07 points (0.51%) – up to 10,084.56 points. Standard & Poor’s 500 dropped to 6.28 points (0.58%) totaled 1,083.13 points. The value of Nasdaq Composite Index declined by 3.85 points (0.17%) – up to 2,253.19 points. Stock Quotes Transocean and Halliburton declined in early trading by 10% and 6,3%. BP, suffered another setback, rejected the idea of concreted hole in the Gulf of Mexico and now will again try to establish a system of pumping oil. Drilling of additional wells to pump will last until August. Transocean is the owner of the oil platform Deepwater Horizon, which in April, an explosion occurred, and Halliburton to install equipment at the well BP. Paper Hewlett-Packard have fallen in price on 0,3%. The company announced plans to reduce the 3 thousand of jobs, which will cost her about $ 1 billion. Value of shares AIG, declined the offer Prudential Plc, an estimated decrease in prices AIA Group Ltd. (Asian units AIG) with a previously announced $ 35.5 billion, fell by 4,2%. British insurer AIG offered to revise the conditions for obtaining such a way as to reduce the transaction price to $ 30.38 billion, including $ 23 billion in cash plus 2.16 billion new shares of Prudential. Shares Freport-McMoRan cheaper by 2.3% following the collapse of the value of copper by 2,7%.

Ukrainian Globalist
2010-06-02 11:12, Economics.

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