Dow Jones Industrial Average: minus becomes rampant

Bulls refused to help the Dow Jones Industrial

In brief: The threat of bear trend has become much more real. Average Dow Jones Industrial can not breathe in peace because of constant attacks bear.

The second half of trading on the stock market, the U.S. remained in negative trend. Loss index continues to grow. Now Dow Jones Industrial Average slid down to the level of trading mid-week and is 10,140.48 points. The extent of loss of Dow Jones index is rising -118.51 points (-1.16%).

On Friday, May 28, the American stock market in the first half of the trading session showed a moderately negative dynamics against the background of the most favorable macroeconomic data. Recall that, according to data released on consumer incomes rose in April, weaker than forecast, as consumer spending did not grow, contrary to expectations, a Chicago business activity index declined significantly in May and amounted to 59.7 points in the projections of 62 points. The only positive point in today’s statistics – revised May index of consumer confidence in the University of Michigan upward. Dow Jones falls faster and faster…

Ukrainian Globalist
2010-05-28 16:57, Economics.

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