Dow Jones industrial average showed record growth

Dow Jones ia is very dangerous

In brief: As a result of trading on U.S. stock markets 10/05/1910 Dow Jones index rose 404.71 points to 10785.14 points.

Following the significant growth indices in the EU optimism came on the American stock market. An hour after the opening of the trading Dow Jones index rose by 361.40 points (3.38%) – up to 10,741.83 points, the index S & P – at 42.68 points (3.84%) to 1153.56 points, the index Nasdaq – by 95.11 point (4.20%) and amounted to 2,360.75 points.

The main news for today, the rising quotations, was the EU’s decision to create a pan-European crisis management fund of 750 billion euros to prevent the threat of the Greek crisis to other European countries. So, Dow Jones industrial average: 10785.14 points (+404.71 points) +3.90%, Nasdaq Composite: 2374.67 points (+109.03 points) +4.81%, S & P 500: 1159.73 points (+48.85 points) +4.40%.

The news of the creation of the largest in the history of the world crisis fund led growth of quotations of the overwhelming majority of U.S. banks. In the first hours of trading up quotes Citigroup (+6,50%), Bank of America Corp. (+6,43%), JPMorgan Chase & Co (+3,80%), Morgan Stanley (+4,43%), and Wells Fargo & Company (+5,52%).

Not kept pace with banks and energy companies whose securities are significantly added to costs including the expense of rising oil prices. In the first hours of trading securities quotations oil giant ExxonMobil Corp. rose to 2.09%, while share prices of its main competitors – Chevron Corp. and ConocoPhillips – on 3,01% and 3,15% respectively. Shares of U.S. oil service company Schlumberger Ltd. went up by 5.01%.

Expensive and metals, resulting in upward striving quotations securities of companies mining the United States. As leaders of the race today, aluminum giant Alcoa Inc., Which quotes the first hours of the session increased by 3,42%, and mededobyvayuschaya company Freeport-McMoRan Copper & Gold Inc. (6.67%). Shares of one of the largest gold companies in the country – Newmont Mining went up by 1.78%.

In the plus side are traded for most companies of the Dow 30. The significant increase is observed in quotations of the American personal computer manufacturer Hewlett-Packard Co. (6.29%), group General Electric Co. (6.40), networking equipment manufacturer Cisco Systems Inc. (+ 6,51%).

Ukrainian Globalist
2010-05-10 21:28, Economics.

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