Alcoa Inc. is trying to get out of the red zone, DJIA will climb a new peak

Alcoa Inc. falls, but the DJIA is not out of the Green Zone

In brief: American Express Co. and the Bank of America Corp. reduced, but the Dow Jones Industrial Average rises.

Dow Jones Industrial Average close to a mark of 10.358 points, accumulating the necessary +36.25 points (0.35%). Bulls continue to provide support for the Dow index on low trading volumes. American Express Co., Bank of America Corp. and Travelers Cos Inc. continue to decline. Alcoa Inc loses 0,462%, but the Dow index continues to refrain of collapse.

Dow Jones Industrial Average recovered his spirits after Verizon Communications Inc Good reporting. At the same time, disturbing news came from Mexico. Leading Latin American mobile operator America Movil said that net profit in the second quarter fell 18% due to losses from exchange rate differences, while sales rose on a background of increasing the number of subscribers, which occurred two months in a row. Thus, net profit amounted to 18.7 billion pesos ($ 1.47 billion) compared with 22.8 billion pesos a year earlier. Revenue rose 12% to 101 billion pesos.

Ukrainian Globalist
2010-07-23 14:56, Economics.

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