Dow Jones Industrial Average: Bulls started the second phase of a violent attack

Dow Jones Industrial Average takes a huge plus

In brief: Dow Jones Industrial Average continues to grow, despite the increase in the negative trade balance in the U.S..

Dow Jones Industrial Average continues its growth in the middle of the trading session on the U.S. stock market. Trading volumes started to grow again after a slight reduction of about half an hour ago. Dow Jones is a mark of 10,125.82 points. The overall growth in the first half trading was +226.57 points (2.29%).

Bulls on the Dow Jones continued pressure on the bear’s ranks. The main leaders of growth are energy and high technology sectors. The negative trade balance the U.S. in April 2010 increased compared with the revised value for March 2010 and amounted to 40.29 billion dollars Such data released today the Ministry of trade of the country. Analysts expected value of this index at the level of 41,0 billion dollars. Good news came from the U.S. fast food market. The world’s largest fast-food chain McDonald’s plans to open 100 new outlets in South Africa, as well as 120 restaurants in India over the next 5 years to expand its presence in emerging markets. Britain has pleased with the growth market of automobile spare parts. British car parts retailer Halfords bike and recorded 27%-ing increase in profits before tax for the year ending April 2 with 92.4 million pounds a year earlier to 117 million pounds. Revenue for the period increased by 4,6% to 832 million pounds. Company representatives said that due to the favorable results are planning further acquisitions. Recall that in February the company bought the Halfords Nationwide Autocentres for 73 million pounds.

Igor Tringlers
2010-06-10 15:35, Economics.

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