Red zone captured Dow Jones Industrial Average, but forecast is good enough

The DJIA continues to fall

In brief: The trading at the US stocks continues in the red zone as the Dow Jones Industrial Average decreases along with the other leading indexes.

The trading at the US stocks continues in the red zone as the Dow Jones Industrial Average decreases along with the other leading indexes. Affected by the publishing of the negative macroeconomic statistics and the quarterly reports of the biggest US companies that appeared to be below the expectations, the DJIA dropped 0.58% by current time. The S&P 500 decreased 0.27% and the Nasdaq lowered 0.56%.

The quarterly reports of IBM and Texas Instruments Inc. that came out today didn’t meet the expectations of the analytics as IBM net profit decreased 4.48% and Texas Instruments Inc. net profit lowered 5.28%. The financial report of Harley-Davidson Inc. caused the best reaction among the investors. Despite the company’s net profit decreased to $104,48 million during the first half of the year and the gain dropped to $2.17 billion, they appeared to be better than predicted by the analytics. As the result, the Harley-Davidson quotations rose 11.69%.

Olga Bespalova
2010-07-20 17:20, Economics.

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