Dow Jones Industrial Average may fall as McDonald’s lowering

The DJIA will start trading in the green zone without fear of reducing

In brief: Dow Jones Industrial Average will continue to rise in early trading, but may decline in the second half of the trading session the stock market.

The DJIA futures rose 0.3% today. The level of support for the bulls is above average. The DJIA will remain in the green zone at 10,322.30 points. Verizon Communications reported on a low income. Verizon Communications company, reported on significant losses due to high costs incurred in connection with the downsizing.

Analysts also forecast a significant increase in profits compared to the same period last year. Thus, it was expected that the profit margins of up to II quarter was $ 0.56 per share, in reality, Verizon Communications reported a loss of $ 0.07 on the paper. In turn, the results of Microsoft and American Express were better than expectations. According to the report Microsoft, its net profit rose 48% to $ 4.52 billion, or 51 cents per share, exceeding analysts’ forecasts by 5 cents. Sales rose 22% to $ 16 billion. At the same time, net profit American Express reached $ 1.02 billion, or 84 cents a share, compared with $ 337 million, or 9 cents a share a year earlier. Analysts expected earnings of 78 cents per share. Of the companies whose shares are included in the index Dow, these quarterly reports will also publish fast-food chain McDonald’s.

Ukrainian Globalist
2010-07-23 13:18, Economics.

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