U.S. stocks: the session began with the prominent decrease of the DJIA

The session at the US stocks began with the decrease of the DJIA

In brief: The beginning of today's trading at the leading U.S. stocks was marked with the decrease of the DJIA and other leading indexes.

The beginning of today’s trading at the leading U.S. stocks was marked with a prominent decrease of the Dow Jones Industrial Average along with the other U.S. stock indexes. From the first minutes of the trading the Dow Jones index fell 0.6%, the S&P 500 lost 0.5% and the Nasdaq decreased 0.7%.

The vast majority of the shares from the DJIA opened current trading in the red zone. The Bank of America securities became the definite leaser of the decrease, dropping 5%. Today the bank published the quarterly report and despite the fact that they were better than predicted, the results of the activity turned out to be worse than the ones of a year before. Thus, the Bank of America net profit in the second quarter of this year was $3.1 billion or 27 cents per share compared to the last year results – $3.2 billion or 33 cents per share. By now the DJIA continues to decrease, dropping 1.56% and being followed by the S&P 500 that fell 1.76% and the Nasdaq that lowered 1.77%.

Olga Bespalova
2010-07-16 14:38, Economics.

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