Forecast: the DJIA is expected to rise tomorrow

Today's trading ended in the red zone

In brief: Despite the promising start of the trading at the US stocks, it ended in the red zone by the end of the day as the Dow Jones Industrial Average decreased along with the other leading indexes.

Despite the promising start of the trading at the US stocks, it ended in the red zone by the end of the day as the Dow Jones Industrial Average decreased along with the other leading indexes. The DJIA fell 1.07% by the end of the trading. The S&P 500 followed, decreasing 1.28% and the Nasdaq dropped 1.58%.

The investors’ attitude was affected with the mixed financial reports of the large companies such as Coca-Cola and Apple. Apple reported about the 77.9% increase of the net profit to $3.25 billion and Coca-Cola net profit amounted $2.37 billion or $1.02 per share. The report of the US Federal Reserve Chairman Ben Bernanke also affected the markets as Bernanke characterized the economy outlook as uncertain. The Dow Jones Industrial could rise rapidly at the first half of tomorrow’s session due to the good banks’ statictics, the Open Knowledge analysts say.

Olga Bespalova
2010-07-21 20:23, Economics.

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