Dow Jones Industrial Average is ready to fly down

Dow Jones could not hold a positive trend and went into negative

In brief: Dow Jones Industrial Average does not resist the attack of bears, which lead the index into negative zone. Investors fear begin to sell securities.

Dow Jones Industrial Average was unable to contain the onslaught of the next bear flocks. Drop in U.S. stock market began with the Dow Jones and moved to the other – namely, the Standard & Poors and Nasdaq. At the opening of stock trading in the U.S. on May 25 is expected to decrease in leading indexes. In the quotations will be pressure new fears of investors in connection with the debt problems of countries of the Old World. At this point in time quotations of futures for the Dow Jones index fell by 227 points (-2.26%), the index S & P – at 27.7 points (-2.59%), the index of Nasdaq – by 39.25 points (- 2,17%).

Players of the stock market fear that the debt problems and can negatively impact on financial markets. Recent events in Europe have caused the weakening of the single European currency, which has fallen in price on 1,5% against the dollar at the close of the trading session in New York. Geopolitical tension on the Korean peninsula also not conducive to optimism of stock market players. The external background unfavorable trades today. Virtually all Asian sites today observed the sale: the Hong Kong Hang Seng index fell 682.26 points (-3.47%) – up to 18,985.5 points, the Japanese Nikkei – by 298.51 points (-3.06%) – up to 9,459.89 points, the South Korean KOSPI – at 44.1 points (-2.75%) – up to 1,560.83 points. Trading platforms in Europe have opened a significant decline in the leading index: a pan-European index of “blue chips” FTSEurofirst 300 fell 2.9% to 944.67 points. Against this background, a “minus” can take quotes of leading U.S. banks, including one of the largest in the U.S. Bank of America, JPMorgan Chase & Co., The operator of credit cards American Express Co., And Wells Fargo. There might be adversely bidding for high-tech companies Microsoft, whose representatives said that looking “less optimistic” on the Chinese market products due to the lack of progress in combating piracy. Lower oil prices could have a negative impact on quotations of major energy companies such as ExxonMobil, Chevron, ConocoPhillips and oilfield Schlumberger. In the mining sector is likely to experience similar dynamics of quotations. Thus, at the opening of the trading session may go down in value shares of aluminum giant Alcoa, as well as mededobyvayuschey Freeport-Mc-Mo-Ran Copper & Gold. Do not leave unattended investors and statistics for the U.S. economy, which will be published after the commencement of trading session.

Anrey Torbinski
2010-05-25 13:50, Economics.

News on: , , , , , , , , , , , , , , , , , , , , , , , , , ,

Post a comment