Stock market today: Dow Jones Industrial Average works like a jackhammer

Dow Jones Industrial grows up fast

In brief: Dow Jones Industrial Average: bulls rush to take profits on the background of large volumes of trading the U.S. stock market.

U.S. stock market is much stronger today. The level of support Dow Jones Industrial from bulls growing with each passing minute. Start trading on the U.S. stock market started with the growth of the NYSE and NASDAQ. Dow Jones Industrial rose 28.65 points (0.29%), and took a mark 9,968.63 points. Good statistics from U.S. supprots stock market greatly. American manufacturer of telecommunication and network equipment Ciena reported a net loss for the second quarter ending April 30 with a $ 90 million or 97 cents a share, compared with $ 503.2 million, or $ 5.53 per share a year earlier.

Excluding certain items loss amounted to 13 cents per share on average forecasts of analysts at 26 cents per share. Revenue for the period increased from $ 144.2 million a year earlier to $ 253.5 million, analysts on average expected $ 268.3 million. We should also mention that French President Nicolas Sarkozy and Germany’s Chancellor Angela Merkel called on the European Commission through its chairman Jose Manuel Barroso ban in the European Union to carry out uncovered short selling (naked short sales) on credit default swaps, as well as some stocks and state bonds. In addition, Merkel and Sarkozy have expressed the need for greater transparency on these kinds of stock exchange transactions, as well as the importance of accelerating reforms to regulation of financial markets.

Ukrainian Globalist
2010-06-09 14:00, Economics.

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