U.S. stocks: the DJIA continues to collapse

The DJIA decreases as the trading goes on

In brief: The decrease of the DJIA that started from the very beginning of the trading continues.

The Dow Jones Industrial Average along with the other U.S. indexes began their fall from the very beginning of the trading, dropping 0.6%. The Nasdaq followed, declining 0.7% and the S&P 500 fell 0.5%. The GE quarterly report that was published today also led to the 1.9% decline of the company’s shares and the Citigroup fell 2.7%.

The Citigroup profit in the second quarter of the current year fell 37% over the same period of the last year but turned out to be better than experts predicted. The profit was announced to be $2.7 billion of $0.09 per share compared to the $4.28 billion or $0.49 per share of the previous year. The income fell 33% to $22.07 billion as the analytics expected the bank to report about the $0.05 profit per share and the $22.16 billion income. By current time the DJIA fell 1.57%, the S&P 500 decreased 1.74% and the Nasdaq lowered 1.80%.

Olga Bespalova
2010-07-16 15:32, Economics.

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2 comments к “U.S. stocks: the DJIA continues to collapse”

  1. InTheKnow Says:

    This isn’t a market correction as it appears, this is outright despair with the nation’s leadership. You’d think with the oil well capped and all these so called ‘reforms’ being passed people would be pacified, but the truth is for the common man and women on the street this depression is deeper than ever.

  2. Me Says:

    Always with the negativity. GO AWAY!!

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