Dow Jones Industrial Average: 1% of growth is not guaranteed avoiding collapse

Support for Dow Jones index falls

In brief: New highs are not easily achieved Dow Jones Industrial Average up without a fight. Bulls continue to test the upper point of musculoskeletal U.S. stock market.

Stock trading USA moving into a phase of the game on a short-term positions. Trading volume on the Dow Jones Industrial Average falling on the background of a slight increase sales and reduce shopping. At this moment the Dow Jones index rose by 86.23 points (0.85%) – up to 10,277.12 points, the index S & P – at 10.03 points (0.92%) – up to 1,099.66 points, the index Nasdaq – by 26.46 points (1.18%) and amounted to 2,270.42 points.

Stock trades in the U.S. opened on 15 June 2010. increase in the leading index. Important market participants today drawn to the news the U.S. economy. In particular, the positive impact on investors had a report of the Ministry of Labour of the country, according to which the U.S. price of imported goods and services in May 2010. decreased by 0,6% compared with April this year, and prices for exports in May this year, relative to the previous month increased by 0,7%. In addition, the U.S. Treasury Department announced that net capital inflows into the country in April 2010. amounted to 15.0 billion dollars. Against this background, in the black traded securities leading U.S. banks. Quotes of the largest U.S. bank Bank of America Corp. In the first hours of trading rose slightly – by 0.15%, and of Citigroup and Bank Wells Fargo & Co. – 0,9% and 1,39% respectively. In addition, in the green sector traded today and securities banks Morgan Stanley (+0,16%) and JP Morgan Chase & Co. (0.43%). The positive changes observed in quotations energy companies in the U.S.. Support to the market, in particular, has increased prices for “black gold”. In the first hours of trading value of shares of oil giant ConocoPhillips rose by 1,78%, while its main competitors – Chevron Corp. and Exxon Mobil Corp. – 0,3% and 0,57% respectively. In addition, rallied securities oilfield services company Schlumberger Ltd. – On 2,18%. They strengthen their positions and the American miners, whose quotations are growing against a background of increasing prices for gold. Thus, quotes aluminum giant Alcoa Inc. and mededobyvayuschey company Freeport-McMoRan Copper & Gold rose to 1,85% and 0,78% respectively, and one of the largest U.S. steel companies USSteel Corp. – 0,3%. In addition, Expensive securities gold mining company Newmont Mining Corp. (0.66%), as well as the world’s largest manufacturer of earthmoving equipment company Caterpillar Inc. (1.77%). Among corporate news should make the decision of the UK satellite operator British Sky Broadcasting Group plc. (BSkyB) to reject the proposal of the American media companies News Corp. Redemption full control over the company for 7.8 billion British pounds (9.4 billion euros). Management believes that BSkyB, the amount of the proposal significantly undervalued. Investors reacted positively to such a refusal, resulting in quotes News Corp. In the first hours of trading rose by 3.93%. No less successful bidding and fold for most companies within the Dow 30. Growth of quotations, in particular, is observed in the U.S. personal computer manufacturer Hewlett-Packard Co. (1.0%), as well as network equipment company Cisco Systems Inc. (0.99%). Less successfully develops trading session today for one of the largest U.S. consumer electronics retailer Best Buy Co. Inc. Quotes of the company have failed on 7,02% after Best Buy reported a profit per share in the I quarter of fiscal year 2010-2011 in the amount of $ 0.36 per share for the prognosis of experts in the U.S. $ 0.5 per share.

Anrey Torbinski
2010-06-15 15:31, Economics.

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