US stocks: the DJIA is under massive bears pressure

The US indexes continue their fall during the first half of today's trading

In brief: The fall of the Dow Jones Industrial Average and the other indexes continues as the session at the US stocks goes on.

The fall of the Dow Jones Industrial Average and the other indexes continues as the session at the US stocks goes on. The leading US indexes dropped from the very beginning of the session and continue to remain negative. By now the Dow Jones index decreased 2.18%, the S&P 500 fell 2.45% and the Nasdaq lowered 2.53%.

Such quick and noticeable decrease was caused by the negative macroeconomic statistics and recent bank reports that turned out to be worse than expected. The Citigroup income fell 33% to $22.07 billion while the $22.16 billion profit was forecasted by the analytics. The Bank of America quarterly report has shown that though the income of the bank was better than expected, the results of the activity turned out to be worse than last year.

Olga Bespalova
2010-07-16 17:41, Economics.

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