DJIA in danger as Chevron Corporation (NYSE: CVX) and The Coca-Cola Company (NYSE: KO) fall

The Dow Jones Industrial continues to catch the bullish trend

In brief: The Dow Jones Industrial Average is still green, but the threat of collapse persists. Chevron Corporation (NYSE: CVX) and The Coca-Cola Company (NYSE: KO) are falling ever lower against the background of negative data.

The Dow Jones Industrial Average remains in the green zone. The Dow index is trading at around 10,458.15 points, gaining +52.30 (0.50%). At the same time, Chevron Corporation (NYSE: CVX) has dropped to 77.21, losing -0.56 (-0.72%), The Coca-Cola Company (NYSE: KO) went down to 56.05 points, -0.07 (-0.12%).

In addition, according to the U.S. Mortgage Bankers Association (MBA) the number of applications for mortgage loans grew by 13.0% in the week ending August 13. The previous week saw an increase of 0.6%. Yesterday the U.S. trades went in positive mood: sales went down enabling market participants to reverse the trend towards growth. These expectations came true yesterday, since all major indexes moved up steadily against the background of positive macroeconomic statistics from the U.S. Even before the start of trading the U.S. Department of Labor reported that industrial prices in July 2010 year increased by 0,2% compared to the previous year, which coincided with market forecasts and dispelled fears of deflation present in the markets.

Ukrainian Globalist
2010-08-18 18:44, Economics.

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One comment к “DJIA in danger as Chevron Corporation (NYSE: CVX) and The Coca-Cola Company (NYSE: KO) fall”

  1. tibor Says:

    YOU ARE THE MOST PESSIMIST GUY ive ever seen, are you in short?

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