The previous week has finished with growth for the U.S. stock market, owing to B. Bernanke’s speech. The FED chairman has assured the markets of continued financial support of the U.S. economy.
Dow Jones Industrial Average can not write the last week of trading in the asset. The last week has become a feast for bears. Last week the U.S. stock market was marked by the most significant five-day drop in share price since October of 2008. So blue-chip barometer Dow Jones Industrial Average (DJIA) for the period from Monday to Friday, pinched by 4,5% (7,1% YTD), the index of wide market S & P500 dived by 5% (8.3% YTD) and tech Nasdaq Composite fell by 5,9% (7,8% YTD).
Dow Jones Industrial Average will start today’s trading cautiously after growth in trading yesterday. Dow Jones Industrial rose for the day on +284.54 points (2.85%) yesterday. The index showed not only stability, but also resistance to the negative statistics from different corners of the world. Today’s trading on the U.S. stock market for Dow Jones will begin with a mark of 10,258.99.