Dow Jones Industrial Average began trades with the minuscule risk

Dow Jones Industrial doesn't let bears come closer

In brief: Trading volume on the U.S. stock market started successfully. Dow Jones Industrial Average added growth, despite the low trading volumes.

Dow Jones Industrial Average began trading on the stock market in the U.S. in the positive zone. Yesterday’s increase in the growth of Dow Jones Industrial index gives the bulls a new portion of hope. At the opening of stock trading in the U.S. on June 3 2010. expected to increase leading indexes. This is evidenced by the dynamics of futures on U.S. stock indicators, which are likely to continue to grow today after the conclusion of the previous trading session increased more than 2%. As a result of trading on June 2 2010. Dow Jones index rose by 2,25% – to 10,249.54 points.

The optimism of the investors are news from the commodity markets that are experiencing higher prices for “black gold”, which in turn positively affects the dynamics of quotations of energy companies, including ExxonMobil, Chevron, ConocoPhillips, as well as oilfield Schlumberger. Note that since the start of the trading session will report to U.S. Department of Energy on oil reserves a week from 22 to 28 May, which may also provide support for quotes. Analysts predict the growth rate of 100 thousand barrels. Meanwhile, this is not the only report on the national economy, which will interest investors today. Players of the stock market to pay attention to the data of the Ministry of Labour in the number of initial claims for unemployment benefit for the week that ended May 29 2010. (Forecast of analysts – rate of 450 thousand). In addition, at 18:00 of the report will be released in U.S. Department of Commerce in terms of industrial orders in April (Forecast of analysts – the growth rate at 1,8%). At a macroeconomic backdrop in the “plus” can take quotes of leading U.S. banks such as Bank of America, JPMorgan Chase & Co, Citigroup, American Express Company. Favored there might be bidding for companies mining sector – mededobyvayuschey Freeport-McMoRan Copper & Gold and aluminum giant Alcoa – against a background of increasing prices for metals. At the same time lowering the price of gold may have a negative impact on quotes gold Barrick Gold and Newmont Mining Corp. A definite effect on the market value of shares of U.S. oil and gas Noble Energy may have information that the company agreed to sell some noncore assets in the amount of 550 million dollars under its own forecast of Noble Energy, annual output growth of the company over the next 5 years is 10%. Quotations of futures on the Dow Jones index rose by 19 points (0.19%), the Nasdaq Composite Index rose 4.25 points (0.23%), the index S & P – at 3.4 points (0.31% ).

Ukrainian Globalist
2010-06-03 13:31, Economics.

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