US stocks: the session opened in the red zone

The DJIA fell rapidly at the beginning of the trading

In brief: Despite the positive beginning of the week, the DJIA fell rapidly at the beginning of the current session.

US stocks closed in the green zone yesterday, slowly but surely recovering from the rapid Friday fall. The Dow Jones Industrial Average along with the other leading indexes increased from the very beginning of the trading and continued to grow during the session. Despite the positive beginning of the week, the current session opened in the red zone as the DJIA fell 1.04%, followed by the S&P 500 that decreased 0.88% and the Nasdaq that dropped 1.34%.

Meanwhile, the investors are waiting for the earnings reports of the biggest US companies to come out today. Johnson & Johnson already reported about the $3.45 billion earnings in the second quarter of this year, meeting the expectations of the analytics. The company’s net profit appeared to be 7.5% higher than last year’s one.

Olga Bespalova
2010-07-20 14:04, Economics.

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