The DJIA waits for the great recovery, but the bulls afraid of a new collapse

Dow Jones Industrial Average climbed up to the mark 10,335.69 points

In brief: Dow Jones Industrial Average may grow to a maximum value for the last time, if the bears do not interfere.

The DJIA is kept at the level of 10,335.69 points, the total purchase amount +215.16 (2.13%). Dow Jones Industrial Average may reach 3% in the green zone, but the bulls began to fear a setback and collapse at the end of trading today. At the same time, the leading U.S. phone company AT & T announced an increase in quarterly profit to $ 3.2 billion a year earlier to $ 4.02 billion and its earnings excluding certain items reached 61 cents, up to 4 cents surpassed the expectations of most analysts. As a result, quotes AT & T rose to 3.13%.

The supplier of chips for mobile phones Qualcomm has also recorded growth in profits in the second quarter. However, except for certain items, earnings per paper could not reach to the average market expectations. Nevertheless, shares of Qualcomm able to stay in the middle of the trading of green zone as much as 8.01%, helped by statements of the company that the price of the device, manufactured based on its technologies, will grow in the near future. Among the favorites of the session reside and other representatives, whose performance exceeded the expectations of the market. Paper eBay traded in the positive territory at 4.56%, and quotes Xerox, 3M, Eli Lilly and Philip Morris International rose 6,42%, 2,94%, 0,7% and 1,93% respectively. The impressive growth of the market value of shares in the company AmeriCredit, earned by the middle of trades 21,9%. In the markets, there were reports that the American automaker General Motors plans to buy its securities at $ 24.50 each, which is higher than the yesterday’s closing price of the $ 4,8.

Ukrainian Globalist
2010-07-22 17:52, Economics.

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