The DJIA is looking for a foothold, but the Bears are ready to fight

Dow Jones Industrial Average remains volatile

In brief: Dow Jones Industrial Average continues to move around zero. Bullish trend remains in the previous day, the bears could not find a foothold.

The stock market remains volatile today. Dow Jones Industrial Average continues to move in the green zone, but analysts see no growth prospects for the Dow index today. Bank of America, Wells Fargo and Citigroup are strengthened and given chances to support the bulls DJIA. Published accounts with UBS and Deutsche Bank, been glad bidders higher than expected results, impact on the more expensive shares U.S. Bank. Thus, the shares Bank of America, Wells Fargo and Citigroup built up on 0,92%, 1,65% and 0,96% respectively.

Performance, published by Western Union, were also on the soul of the bidders, and the market value of its securities increased by mid trading at 0.48%. In the high-tech sector is highlight the success of the company Rambus, adding it to your asset 4,9%. Today it became known that Rambus could win the lawsuit, excited by Nvidia, on the first violation of patent rights to import microarray computer graphics. Corporation U.S. Steel said that the net loss in the second quarter totaled $ 25 million, or $ 0.17 per share, compared with $ 392 million, or $ 2.92 on the paper a year earlier. Nevertheless, profit excluding certain items was only 44 cents, while analysts had expected 66 cents, and as a consequence, quotes US Steel fell by 6,4%. Among the outsiders trades can be distinguished representatives of the consumer sector, such as, Kraft Foods, McDonald’s and Wal-Mart Stores, whose market capitalization has fallen to 0,44%, 0,92% and 0,07% respectively, due to lower consumer confidence in country.

Ukrainian Globalist
2010-07-27 17:45, Economics.

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