US stocks: the DJIA will start the rally by the end of trading

Dow Jones Industrial Average continues to grow faster

In brief: Dow Jones Industrial Average climbed higher on the background of positive corporate reports, preventing the Bank of America.

The DJIA was at elevation 10,176.38 points, picking up +78.48 points, or 0.78% in the last hour of trading. US stocks and the DJIA especially gain from Halliburton and Boeing were erased after a homebuilder index fell to its lowest point in more than a year, sparking new fears about the pace of a recovery.

Halliburton Co, which worked on the leaking well in the Gulf of Mexico, reported profit surged 83 percent on strong US onshore drilling. Halliburton shares jumped 3.5 per cent to $28.48. Boeing Co was one of the top boosts to the Dow, rising 1.3 per cent to $62.65, after a top executive said the planemaker will announce a significant number of new orders in the coming days. The company has also taken an order for 30 777 wide-bodies from Dubai-based Emirates. But the market slipped after US homebuilder sentiment fell more than expected in July to the lowest level in more than a year after a popular homebuyer tax credit expired, the National Association of Home Builders said on Monday. The Dow Jones U.S. Home Construction index shed 1.3 per cent, weighed down by a 1.7 per cent drop in DR Horton Inc to $9.93. The Dow Jones industrial average dropped 17.64 points, or 0.17 per cent, to 10,080.26. The Standard & Poor?s 500 Index shed 2.80 points, or 0.26 percent, to 1,062.08. The Nasdaq Composite Index lost 6.59 points, or 0.30 per cent, to 2,172.46.

Ukrainian Globalist
2010-07-19 19:25, Economics.

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One comment к “US stocks: the DJIA will start the rally by the end of trading”

  1. e. tano Says:

    MAKING BIG MONEY IN STOCK MARKET IS A WALK IN THE PARK FOR COMPANIES LIKE HALLIBURTON——-ALL YOU DO IS BUY A HUGE OIL CLEAN UP CORP. 8 DAYS BEFORE AN OIL SPILL—-OR PULL A 911—–THEN SIT BACK AND COUNT THE BILLIONS—–ASK BIG—-D. C, HOW TO DO IT ????

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