Dow Jones Industrial Average may reach a record high today

DJIA overtakes main European inexes

In brief: The level of support and great news from China give Dow Jones Industrial Average chance for rapid growth.

Dow Jones Industrial Average began trading the U.S. stock market with incredible growth. Dow index managed to reach 9,890.60 points by the middle of bidding. DJIA gained +146.98 points, or 1.51%. Stock trades in the U.S. opened with an increase in leading indicators. In the absence of statistical data on the U.S. economy, investors are now paying attention to European news, again raises concerns about the pace of economic recovery after the financial crisis.

It is hardly optimistic players perceived decline in industrial orders in Germany in May 2010. by 0,5% compared to April in the growth forecast to 0.3%. Nevertheless, the proportion of positive sentiment in the market, introduced the head of the American Ministry of Finance Timothy Geithner, who declared that the U.S. economy will continue to grow, “healing the wounds” inflicted by the global financial crisis. U.S. Bank in the first hours of trading strengthens its position. The positive news for investors was the message of the third-largest U.S. bank, the depositary State Street Corp. (9.68%) that the company has been very successful financial results in the II quarter of this year. However, the paper went up Bank of America Corp – on 1,42%, and Wells Fargo & Co. and Citigroup Inc. – 1,7% and 0,4% respectively. Self growth is as shares of banks Morgan Stanley and JPMorgan Chase & Co., Rising in price by an average of 2,5%.

Ukrainian Globalist
2010-07-07 15:46, Economics.

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One comment к “Dow Jones Industrial Average may reach a record high today”

  1. Michael Bailey Says:

    A “record high” would put it above 14,093.

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