Dow Jones Industrial Average is trying to repel bears

Dow Jones IA becomes very vulnerable

In brief: Dow Jones Industrial Average was trying to grow up with the overall negative, but could not overcome the strong pressure of the bears and speculators.

Index Dow Jones Industrial Average fell 65.75 points (0.61%) – up to 10,719.39 points. Standard & Poor’s 500 fell by 8.75 points (0.75%), amounting to 1,150.98 points. The value of Nasdaq Composite Index dropped by 19.66 points (0.83%) – up to 2,355.01 points. Today, in early trading U.S. stock indexes fell, declining for the fifth time in the past six days.

Investors are worried that proposed at the weekend the leaders of the European Union (EU) package of measures to prevent full-scale debt crisis in the euro zone 750 billion euros ($ 1 trillion) may still not be enough. In the course of trading securities MBIA have fallen by 14%. The world’s largest bond insurer has a loss on the basis of the 1 st quarter of 2010 of $ 7.22 per share, against earnings of $ 3.34 per share for the same period last year. Stock Quotes Priceline.com fell 14%. The second-largest online travel agency in the world, reported that profit after the 2 nd quarter may be below market expectations due to the falling euro, and also because fewer tourists want to visit Greece on a background of political instability in the country.

Anrey Torbinski
2010-05-11 15:07, Economics.

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