Dow Jones Industrial: bulls have the last hope

The US stocks desperately try to recover from the Friday rapid decrease

In brief: The trading at the US stocks continues in green area as the DJIA increases 0.22% by current time.

The Dow Jones Industrial Average ended last week with the rapid decrease as it fell below 261 points by the end of Friday trading. The negative macroeconomic statistics along with the bank reports that turned out to be much worse than expected were the reasons of such rapid fall that happened for the first time this month. Bank of America lost approximately 9% and American Express, General Electric and Cisco Systems decreased over 4%.

The S&P 500 followed the DJIA, decreasing 2.9% and so establishing the weekly loss of 1.2%. The Nasdaq turned out to be the leader of Friday losses as it lost 3.1% by the end of the trading. Despite the fact that last week ended the way, today the trading at the US stocks opened in the green area as the DJIA increased right from the start along with the other leading indexes. Affected by the positive situation at the European stock markets and the reports of the Delta Air Lines and Halliburton, the Dow Jones index grew 0.22% by current time. The Nasdaq wasn’t left so far behind as it rose 0.17%, followed by the S&P 500 that increased 0.16%.

Olga Bespalova
2010-07-19 17:35, Economics.

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