The threat of collapse remains, but Dow Jones Industrial overcomes the negative trend

Dow Jones Industrial Average starts to grow, despite the negative

In brief: Dow Jones Industrial Average is becoming more resistant to bad news. U.S. stock market begins to recover after yesterday's collapse.

Dow Jones Industrial Average recovered after a negative trend. The level of support for the Dow index rising. Dow Jones Industrial is 9,869.78 points, losing -0.52 (-0.01%), ,while the S & P rose by 1.53 points (0.15%) – up to 1,042.92 points and the index Nasdaq – by 8.5 points (0.4%) – up to 2,143.84 point. Stock trading USA opened mostly higher leading indexes, playing the loss of the previous trading session, which resulted in the Dow Jones index sank 2.65% on.

The negative dynamics of quotations was caused by a data research organization Conference Board index of consumer confidence in June 2010. According to the report, the figure fell to 52.9 points compared with 62.7 points in May this year, while analysts expect this figure to 63.3 points. Meanwhile, investors today drew attention to the details of the Managers Association of Chicago, according to which the index of business activity in June 2010. fell to 59.1 points from 59.7 points in the previous month. At the same time, analysts expected that the figure of 59 points. Note that the index value above 50 points is an indicator of growth. The index reflects the level of business activity in the Midwest. Against this background, quotes the banking sector showing strong growth: stocks Bank of America, Citigroup, JPMorgan Chase and Goldman Sachs went up by 0,8%, 2,8% and 0,7% respectively, American Express paper and Wells Fargo rose in price 1,4% and 1% respectively.

Pavel Migin
2010-06-30 18:18, Economics.

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