Avoiding collapse: the Dow Jones Industrial goes from the green zone in the red

News from China no longer inspire confidence in the Dow Jones Industrial Average

In brief: The level of support for the Dow Jones Industrial Average remains at a low level. Alcoa failed to raise the market to the maximum level.

Dow Jones Industrial Average continues to swim between the red and green zone. At the time Dow Jones Industrial is a mark of 10,451.70 points in the green zone. Dow index rose to +9.29 points, or 0.09%. So, the American stock market in the first half of the trading session shows weakly positive dynamics, the major indexes with the exception of Nasdaq while balancing on the verge of zero change, and only then began to rise as an indicator of high-tech sector still looks better than the market. Global stock markets rising drive now faded away, the Chinese factor was played up and down yesterday, and today it is time for the sound of doubt and reassessment of the events.

At the bidders condescended understanding that the yuan more flexible, as such, is a “double-edged sword” and not a direct factor being the economy. Waiting for the coming G-20 summit, which will discuss the painful issues of budget deficits, is also not encouraging the bulls to massive purchases. In addition, statistics published today on housing sales in the secondary market has created new concerns – contrary to the expectations index fell from 5.77 million to 5.66 million, which makes to think about what the numbers will start to go after a program of government benefits (transaction within This program must be shut down before the end of this month). Defensive mindset participants in the session today was reflected in the rising trend in precious metals. Index broad market Standard & Poor’s 500 is trading with an increase of 0.05% on a mark to 1,113.74 points and the index of high-tech Nasdaq Composite is trading in positive territory at 0.64% on a mark to 2,303.70 points.

Igor Tringlers
2010-06-22 17:19, Economics.

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