Dow Jones Industrial Average: collapse was followed by rally, but mysteries remain unsolved

The DJIA grows as the session continues

In brief: Despite the fact that yesterday session closed in the red zone, the indexes today were affected by the corporative news and economic statistics as the DJIA grew 1.96%.

Current trading at the US stocks began with a quick growth of Dow Jones Industrial Average along with the other leading indexes. Despite the fact that yesterday session closed in the red zone, the indexes today were affected by the corporative news and economic statistics as the DJIA grew 1.96%, the S&P 500 increased 2.35% and the Nasdaq rose 2.14%.

The 3M shares became the leader of the growth at the opening of the session, growing 2.6%. Before the beginning of the trading the company published its quarterly report, according to which the profit amounted $1.54 per share compared to the expected $1.48 per share. The AT&T shares were lucky too – after the publishing of company’s quarterly report about the profit of $0.68 per share the capitalization grew 1.9%.

Olga Bespalova
2010-07-22 16:04, Economics.

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