Dow Jones Industrial may fall to a record low today

Dow Jones Industrial decreases very rapidly

In brief: The DJIA fell against the horrific reports of companies and the general negativity that prevails in the stock markets.

The DJIA was unable to resist the bearish trend today. Today’s trading at the U.S. stock markets opened in negative zone, due to a large number of mixed quarterly reporting, as well as bad data of macroeconomic statistics. Dow Jones Industrial decline of 0,97%, S & P 500 – on 1,04%, Nasdaq – on 0,98%.

Prior to bidding out the data on the number of new buildings, begun in June, which turned out to be worse than forecast. It was expected that in the past month was reduced from 593 to 580 thousand, but in reality this figure was much worse. The number of new buildings in June to leave only 549,000. In addition, today published a large number of quarterly reports, some of which turned out worse than forecast. Of the companies whose shares are included in the index Dow, published the results of a manufacturer of consumer products company Johnson & Johnson. Net profit of Johnson & Johnson in the II quarter of 2010 totaled $ 3.45 billion, up 7.5% higher than last year. Earnings per share were $ 1.23 versus $ 1.15 last year. Revenues for the period totaled $ 15.22 billion, a 0.6% higher than in II quarter 2009 operating profit of Johnson & Johnson was at $ 1.21, which coincided with the expectations of analysts, forecast and revenue of $ 15, 69 billion.

Ukrainian Globalist
2010-07-20 14:04, Economics.

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