Show must go on: the DJIA has a chance for rapid gap

Current session at the US stocks continues to disappoint the investors

In brief: The DJIA remains in the red zone along with the other leading US indexes as the session goes on.

Current session at the US stocks continues to disappoint the investors as the Dow Jones Industrial Average continues to remain in the red zone along with the other leading US indexes. Though Monday session managed to close in the green zone, the DJIA lowered 0.54% now, followed by the S&P 500 that dropped 0.30% and the Nasdaq that decreased 0.62%.

The pessimism of investors is also caused by the poor corporate accounting. Despite the fact that IBM net profit increased 9.1%, amounting $3.39 billion in the second quarter of the year, it still wasn’t enough to meet the expectations of the analytics. The net profit of Texas Instruments increased almost three times in the second quarter of this year, amounting $769 million, but the analytics still predicted it to be bigger. Due to such results the quotations of the companies are most likely to decrease in the first half of the current session, dragging the Tupperware retailer along as its report was also below expectations.

Olga Bespalova
2010-07-20 15:28, Economics.

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