The Dow Jones Industrial hangs between heaven and hell

The situation at the US stocks seems to stabilize

In brief: The US stocks seem to recover from the rapid fal of DJIA along with the other US indexes as the Dow Jones increases 0.8%.

The US stocks seem to recover from the rapid fall of the Dow Jones Industrial Average and the other leading US indexes that happened last Friday. The negative macroeconomic statistics and the bank reports lead to the rapid decrease of the DJIA as the blue-chip indicator dropped below approximately 261 points.

But now the situation at the US stocks seems to stabilize, affected by the positive news from the European stocks. The Dow Jones index began to rise slowly from the very beginning of the trading. By current time the DJIA increased 0.08%, followed by the S&P 500 that rose 0.03% and the Nasdaq that grew 0.10%. The Delta Air Lines and Halliburton earning that were released today exceeded forecasts and so helped to lift the stocks today.

Olga Bespalova
2010-07-19 15:44, Economics.

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