Dow Jones Industrial Average is losing ground and can’t escape from the red zone

Dow Jones Industrial Average starts to decline

In brief: Dow Jones Industrial Average continued to fall against the negative background of American statistics. Bulls do not replace the shoulder of suport.

Dow Jones Industrial Average is in the red zone since the start of trading. The level of support Dow index dropped to its lowest level this week. Bulls do not try to save the situation, as successfully used by bears. Dow Jones close to the minimum point of 10.350 points. Dow Jones Industrial Average was at 10,365.85 points and continues to decline.

U.S. stocks opened lower on Wednesday after shipping giant FedEx offered a weak outlook and economic data did little to bolster sentiment. The Dow Jones Industrial Average has lost -33.56 points (-0.32%) at the moment. Energy components were also weak after President Barack Obama urged exploration of alternative energy sources in a Tuesday night speech. Chevron slipped 0.6%, while Exxon fell 0.7%. Only a handful of Dow components were positive. J.P. Morgan Chase edged up 0.3%. The Nasdaq Composite slipped 0.5% to 2,295.

Igor Tringlers
2010-06-16 14:43, Economics.

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