No collapse for Dow Jones Industrial Average, the index remains in the green zone

Dow Jones Industrial Average rising at low revs

In brief: The level of support for the Dow Jones Industrial Average remains weak. Customers continue to procrastinate.

Dow Jones Industrial Average remains in Flat mode. The overall growth of Dow Jones index up +15.87 points (0.15%), which brought the Dow Jones industrialization to a maximum of 10,450.04 points. On Friday, June 18, the American stock market in the first half of the trading session shows weak positive trend. In the absence of significant macroeconomic statistics, the bidders have not found reason to rally widespread, but in a relatively favorable external background, there was no motive for the massive profit taking before the curtain of the week.

You should remember that trading in Asia ended mixed dynamics with a predominance of positive component, and in Europe, most indices also showed a slight increase. Although at present session takes place in a fairly relaxed mode, until the end of trades can not be excluded more towards racing index, as nearing expiration of futures and options on indices and stocks. By the time index broad-market Standard & Poor’s 500 is trading with an increase of 0.19% on a mark to 1,118.19 points, the light blue-chip Dow Jones Industrial Average adds 0,24% to level at 10,459.49 points and the index high-tech Nasdaq Composite traded in positive territory at 0.15% on a mark to 2,310.66 points. The dollar index adds 0.02%; gold and silver to grow by 1,4% and 3% respectively, industrial metals and energy are traded in a moderate minus. As part of an index of blue chips a little over a third of companies traded in the red, including AT & T, Pfizer and Kraft Foods. Are added over 1% shares of Caterpillar, Cisco Systems, DuPont, Home Depot. Branches in the context of broad market index is more preferable now see retail and chemical industries, the market looks good health, telecom and utility sector.

Shares in the largest U.S. drugstore chains Walgreen, and CVS Caremark today, contrary to the general retreat of the health sector are traded in a sure plus – on 3,7% and 3,4% respectively. Companies finally managed to agree among themselves on the way in which pharmacies can receive medicines US recipients. Oil and Gas Company Southwestern Energy went into minus on 2,4%, after Goldman Sachs analysts have ruled out her papers from his rating to “buy an addiction. The largest deepwater driller of oil wells Transocean, owning unfortunate platform in the Gulf of Mexico, took off at 7,8% – in the media leaks information that BP is already better cope with oil spills. The degree of uncertainty about the situation is gradually reduced, which gives incentives to increase speculative securities BP and Transocean. Biopharmaceutical company Amylin Pharmaceuticals soared to 15,4% on news that Roche Holding, the Swiss decided to postpone the development of a new drug for diabetes, which would become a competitor of one of the drugs Amylin.

Igor Tringlers
2010-06-18 18:37, Economics.

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