The DJIA fell victim of the banks’ positives, Morgan Stanley (NYSE: MS) and JPMorgan Chase & Co. (NYSE: JPM) rises above

Dow Jones Industrial Average catches crazy bullish trend

In brief: Morgan Stanley (NYSE: MS) and JPMorgan Chase & Co. (NYSE: JPM) compel Dow Jones Industrial Average go up.

Dow Jones Industrial Average have reached 10,642.51 points. The DJIA rise up +176.57 or 1.69%. The banking sector remains among the leaders today. Morgan Stanley (NYSE: MS) stood at 27.50 points, gaining +0.51 (1.89%). JPMorgan Chase & Co. (NYSE: JPM) went to 40.97 points, taking with bears +0.69 (1.71%).

In connection with the publication of these reports will be of particular interest investors confined to the banking sector, which is particularly sensitive to macroeconomic news of the plan. In addition, the value of Bank of America, Citigroup, JP Morgan Chase, Wells Fargo and Morgan Stanley shares may influence corporate news of their European “colleagues”. In particular, today reported the British banking group HSBC Holdings Plc. and one of the biggest French banks BNP Paribas.

Ukrainian Globalist
2010-08-02 14:31, Economics.

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