Fannie Mae is on its feet as the DJIA loses point by point

Fannie Mae rose as the DJIA remains in the red

In brief: Fannie Mae has shown enough positive results, but the U.S. stock market goes into the red. The Dow Jones Industrial Average falling throughout the day.

The Dow Jones Industrial Average continues crawling over a bunch of bears down. The DJIA stood at 10,547.95 points, losing -127.03 (-1.19%). However, the trades taking a favorable turn for the companies that reported today financial statements.

Among them was the largest U.S. mortgage company Fannie Mae (+7,1%), reported a decrease in net loss attributable to shareholders of the shareholders, in the I half of 2010. compared with the I semester of 2009. to 57,8% – to 16.18 billion dollars when the net loss of Fannie Mae in the II quarter of 2010. amounted to 3.12 billion dollars, which is 79,4% less net loss of 15.16 billion dollars in April-June 2009. Despite significant improvement in financial performance, the company reported that market conditions are still not very favorable, and therefore the need for government support for it in the near future will be just as relevant.

Anrey Torbinski
2010-08-06 17:50, Economics.

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