Dow Jones Industrial Average: good trades and bad statistics

Confidence bulls to Dow Jones increases

In brief: Dow Jones Industrial Average does not react to bad European news and strive to new heights during today's trading on the U.S. stock market.

Dow Jones Industrial Average starts to grow with an increase in trading volumes from the bulls. Bears began trading on the U.S. stock market rather passive. Dow Jones Industrial did not go into a negative zone from the outset of trades ever. Now Dow Jones is 10,093.70 points. Dow index rose +69.68 (0.70%).

Good news in the meantime come from the corporate sector. The software maker for digital multimedia Sonic Solutions has agreed to acquire DivX, specializing in the production of software for compressing video images, for $ 323 million in cash and stock. So, Sonic will pay $ 3.75 in cash for each paper, DivX and 0.514 of its shares. The buyer expects that the acquisition will allow it to double revenues in 2012. In the calendar of corporate reporting have the following companies: – Automaker Ford Motor will present data on sales in May (time not specified), – Builder Hovnanian Enterprises will publish the results of the quarterly activity (after closing) – Time Release quarterly reporting of National City Bank Banks and Frontier Financial unspecified.

Ukrainian Globalist
2010-06-02 15:20, Economics.

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