Dow Jones Industrial started punching a hole in the bears ranks, tending toward a maximum

DJIA can reach maximum today

In brief: Dow Jones Industrial Average was able to prevent the approach to the red zone at the beginning of trading the stock market.

DJIA trying to play back all the past losses last week. Dow Jones Industrial Average started trading with strong growth with the overall positive market, buyers are on long positions and today may result in serious success. Stock trades in the U.S. opened on July 6 2010. increase in leading indicators. After the failed before the trading session in connection with the celebration of the country’s Independence Day, USA Today among players dominate the positive mood following upward dynamics of the markets of Europe and Asia. Also, today is also not expected publication of important statistics has, may have a significant influence on the course of bidding.

In the first hours of the session in positive territory traded securities of leading U.S. banks. In particular, the quotations of the largest in the U.S. Bank of America rose by 2.67% and Wells Fargo – on 2,49%. Securities bank Goldman Sachs Expensive at 1.98% on the background of increasing JPMorgan analyst recommendations on the shares of the company. Papers of the J. P. Morgan Chase & Co. increased in price by 2,20%, while shares of Morgan Stanley added 1.8%. Major support to the market today has also increased prices for industrial metals, providing a more quotations for the securities of mining companies. In particular, the securities aluminum giant Alcoa Inc. mededobyvayuschey and Freeport-McMoRan Copper & Gold Inc. went up by 2,90% and 4,89% respectively, and one of the largest U.S. steel companies US Steel Corp. – On 5,15%. Less successful are traded today, shares of companies gold sub. Quotes Barrick Gold Corp. and Newmont Mining Corp. at the opening of trading floors have fallen in price on 1,35% and 0,44% on reducing the price of gold. The green sector is traded and securities of energy companies in the U.S. by increasing oil prices. Quotes oil giant ExxonMobil Corp. increased by 1.41%, while its competitors – ConocoPhillips and Chevron Corp. – On 2,74% and 1,2% respectively. Quotes oilfield Schlumberger Limited rose by 3,13%. Among corporate news affecting the trades, it is worth noting the message of the American concern Generel Electric Co. (2.67%) that the company received orders for gas turbines in the amount of $ 300 million from the government of Oman, as well as a contract on cooperation for 15 years. Dow Jones rose by 156.36 points (1.61%) – up to 9,842.84 points, S & P – at 17.85 points (1.75%) – up to 1,040.43 points and the Nasdaq – at 41.78 points (2.00%) – up to 2,133.57 points.

Ukrainian Globalist
2010-07-06 16:52, Economics.

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