Verizon Communications Inc. (NYSE: VZ) may begin trading in the red zone because of investors’ uncertainty and mixed dynamics in the field of telecommunications. Sears Holdings Corporation (NASDAQ: SHLD) is equally losing value.
Baidu.com, Inc. (NASDAQ: BIDU) is apprehensive of the new search engine. Google Inc. (NASDAQ: GOOG)is still a way ahead, but the Chinese China Mobile telecommunications companies are jointly creating an Internet search engine able to rival the U.S. based Google.
Deutsche Telekom AG (ETR: DTE) to mark down 10.44 points, losing -0.06 points (-0.57%) since the start of trading. Deutsche Telekom, Germany’s largest telecommunications company, reported that in the II quarter of this year its profit rose by 20.5% to 722 million euros against 599 million euros during the same period a year earlier.
The Dow Jones Industrial Average is at 10,689.89 mark. Bulls helped the Dow index score +53.51 points (0.50%). The DJIA finished trading in the green zone. At the same time, BP plc (ADR) (NYSE: BP) has come nearer to a mark of 39.44 points. BP plc shares lost -0.56 points (-1.40%) in the second half of the trading session.
Apple will distribute free cases for problematic iPhone customers, – said CEO Steve Jobs at a special press conference on the deficiencies in the design of the popular smartphone. Jobs said that all iPhone buyers will get free cases, which eliminate interference to the signal of mobile communications.
The Indian telecommunications company, GTL Infrastructure has declared that is open to new acquisitions, because competition in the telecommunications market in India is pushing the company to consolidate.
DJIA avoids collapse, but the weak last data make a pressure. Weak housing data weighed on the stock market as investors awaited word from the Federal Reserve on its latest interest-rate decision and the outlook for the U.S. economy. The Dow Jones Industrial Average, which entered Wednesday’s trading on a two-day losing streak, held steady just after the open but recently turned lower, trading down 22 points, or 0.2%, to 10271, hurt by declines of more than 1% each in Caterpillar, Cisco, DuPont, Intel, General Electric, Chevron and Microsoft.
Dow Jones Industrial Average will continue the negative trend today. Bear investor sentiment does not go with the U.S. stock market due to poor economic statistics and the fall of Asian markets. Dow Jones Industrial begin bargaining with the mark of 10,442.41 points. During yesterday’s Dow index dropped to -8.23 points or -0.08%. So, what happened in Asia? Most Asian indices took a negative, except for China. Markets, after nearly a 10-day rally locally overheated today.
Dow Jones Industrial Average crossed the mark of 9,885 points. The growth of Dow Jones index is 0,72%. Today’s trading still remains dangerous for the Dow Jones Industrial. Stock trades in the U.S. on June 8 opened mostly higher after sell-leading indexes the previous day. June 7, at the background of a significant collapse of the euro against the dollar on U.S. trading floors was recorded indices to fall to their lowest in seven months marks.
Dow Jones Industrial Average could not resist bull trend because of the negative trading began in Europe and poor statistics in the Eurozone. Problems of the Chinese economy also does not give U.S. investors a good mood. Bears are most likely taking aim at the new assault on Dow Jones. Stock trades in Europe on June 2nd 2010 opened in negative area. There is a reduction of leading indices, that reacted to bad news from Japan and the USA. At the Tokyo Stock Exchange Investors sold shares today hastily, anxious statement Japanese Prime Minister Yukio Hatoyama’s resignation.