Alcoa helps the Dow Jones Industrial to avoid the collapse

Dow Jones and Nasdaq are today's leaders

In brief: Dow Jones Industrial Average ends the first half of the trading session without loss. Bears do not find a foothold. Vedanta and Alcoa helps Dow index.

Dow Jones Industrial Average is calling the world markets to take part in weekly rally. The Dow index climbed high at the beginning. Bears like it and try to strengern the trend. Alcoa helps Dow ti rise rapidly. The FTSE 100 advanced 0.7% today after China said it would soon allow more flexibility in the exchange rate of its national currency, which has been pegged to the US dollar for two years.

Miners were leading the way with Vedanta Resources emerging atop the leaderboard with a 5% gain. Peers Rio Tinto and BHP Billiton followed, climbing 4.7% and 4.5% respectively. Hedge fund Manager Man Group and oil and gas engineering firm Petrofac were the only non-mining stocks in the top ten with gains of just over 2%. Retailer Marks & Spencer and oil and gas supermajor BP were at the bottom of the pile with losses of 2.5% and 2.3% respectively. Caterer Compass Group dropped 2%. Other notable fallers included United Utilities, outsourcing company Capita Group and National Grid, which all lost 1.5%. US stocks were off to a positive start. The Dow Jones Industrial Average advanced 1%, while the broader S&P 500 index added 9% and the technology heavy NASDAQ composite climbed 0.7%, – reports Proactiveinvestors.

Igor Tringlers
2010-06-21 19:17, Economics.

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