Dow Jones Industrial Average is going to a record pluses

Wall Street is growing, despite the statistics

In brief: Dow Jones Industrial Average began a marathon of growth, not too good economic statistics are only indirectly affected the bidding. Brokers moved to an increase in trading volume 30 minutes after launch.

Stock trades in the U.S. began to give new hope to investors today. Dow Jones Industrial Average pushed bears to the minimum point. Now Dow Jones is 10,169.43 points. The total plus in the first half of trades for the Dow Jones Industrial Average up 194.98 points (1.95%). American indices have added an average of 2% at the opening of the market, despite the fact that the U.S. GDP in the I quarter of 2010 grew slower than expectations.

In the beginning of the trades Dow Jones rose by 1.50% to 10 123.78 points, Standard & Poor’s 500 – by 1.73% to 1 086.39 and the Nasdaq Composite – on 2,17% to 2 243.50 . According to the Ministry of Trade, the United States economy in the I quarter has grown on 3,0% against the same period in 2009, while analysts on average forecast a growth of 3,4%. According to preliminary estimates, GDP should grow by 3,2%. Statistics of unemployment in the U.S. also reached into the projections. Number who applied for benefits over the past week decreased to 460 thousand, analysts expect a decrease to 455 thousand. Shares of American insurer AIG grew by 2,5%. Quotations in motion the information that the British insurance company Prudential is already close to buying its Asian division.

Ukrainian Globalist
2010-05-27 14:54, Economics.

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