Dow Jones Industrial Average: bulls attacks after the publication of the main statistics

Dow Jones Industrial Average gave the bulls one more chance

In brief: Dow Jones Industrial grows on the background of mixed statistics from the U.S.. Support for Dow index remains at a level that is above average.

Dow Jones Industrial Average began trading with a bullish trend today. Bulls, angry at the negative end of yesterday’s trading, throw Dow index in the green zone from the first minutes of trading till now. Bad news from Europe threatened the growth of Dow Jones Industrial Average, but the trend remained positive. Dow Jones Industrial Average is near the mark of 10,318.69. The growth of Dow index – 127.80 (1.25%).

Tuesday, June 15, the major stock indicators United States of America by the middle of trades were in positive territory. The focus of investors has been focused on macroeconomic data, according to which import prices in May fell by the maximum value of nearly a year, while growth in export prices was not as large as expected. According to published statistics, confirmed by the statement Fed chairman, made last week regarding the preservation of moderate inflation, which in turn provides the ground for investors’ confidence in the continued importance of interest rates, at least in the short term. Thus, import prices in May decreased by 0.6%, though expected to fall by 1,2% a month earlier observed increase in the rate at 0,9%. Export prices in the reporting period increased by 0,7%, while predicted constancy index, which rose in April by 1,2%. At mid-auction broad market index Standard & Poor’s 500 is trading with an increase of 1.35% at around 1,104.36 points, the indicator of blue chips Dow Jones Industrial Average adds 1.25% to 10,318.01 in the settlement, and the index of high-tech Nasdaq Composite traded in positive territory at 1.97% on a mark to 1,881.89 points. In addition, futures on Brent crude for delivery in July grew by 1.6% to $ 76.88 per barrel. Gold prices rose by 0.8% to $ 234.4 an ounce. Currency pair EUR / USD traded with an increase of 0,95% to the value of 1,233.

Quotes of representatives of the oil sector were in positive territory thanks to higher prices for “black gold”. Thus, the market capitalization of oil giants Chevron and Exxon Mobil rose 0.9% and 1% respectively. Paper electronics retailer Best Buy lost weight 6,5% as a result of reports quarterly earnings, not dotyanuvshey to analysts’ forecasts. Thus, the company reported on net profit for the first quarter of $ 155 million, or 36 cents a share, analysts on average expected 50 cents per share. Market capitalization aircraft maker Boeing increased by 3% in connection with the company presentation on the planned increase in production of aircraft models 737 for another 3%. Some of the growth leaders were representatives of high-tech sector after analysts International Data Corporation reaffirmed forecast to 20% increase worldwide PC shipments up this year. Thus, the world’s largest software developer Microsoft and PC maker Dell added to its asset 3,6% and 4,1% respectively.

Igor Tringlers
2010-06-15 17:22, Economics.

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