Dow Jones Industrial Average: the collapse is expected by the end of the trading

Dow Jones Industrial Average conducts auctions extremely nervous

In brief: Bulls are trying to keep a minimum growth index Dow Jones Industrial Average when trading volumes significantly below average.

Dow Jones Industrial Average – nervous atmosphere in the market remains the second consecutive day. Yesterday’s loss of Dow Jones have left their mark. Tuesday, June 8, the stock market of the United States by mid-session trading in a moderate positive territory after a period of fluctuation of the “red” zone in the “green” and vice versa. Nervous atmosphere in the market remains the second consecutive day, helped by the ambiguous information background.

An attempt to upward movement in early trading was a market response to the comments of Bernanke, who said that the U.S. economy strong enough to avoid a second wave of a recession and that Europe’s leaders aimed at maintaining the status of the euro. But then the winnings indices were mitigated concerns relating to the upcoming sale of state bonds problem states eurozone, including, Spain – it is the first time since lowering the credit rating will post on the sale of bonds. The rest of the external background for the U.S. session was mixed: trading in Europe resulted in almost universal decline in the indices; in Asia, major markets have grown stronger under the influence of speeches by Mr. Bernanke. An important macroeconomic statistics for the U.S. today does not exist; secondary data on sales in retail outlets affected by only quoting retailers. At the moment of time the index a broad market Standard & Poor’s 500 trades with an increase of 0.30% on a mark to 1,053.65 points, the light blue-chip Dow Jones Industrial Average adds 0,48% to a level of 9,863.73 points and the index high-tech Nasdaq Composite traded in the red at 0.62% on a mark to 2,160.33 points. The dollar index lost 0,48%, gold and silver in the spot market added 0.6% and 1.5% respectively, industrial metals in general, stronger, and Brent crude added 0.3%. In the composition of the index of blue chips more than two-thirds of the securities traded in the black. Over 1% of the shares is added AT & T, Coca-Cola, International Paper, Procter & Gamble and others, in the red by more than 1% of the traded Intel and Microsoft. A high-tech sector looks much worse than the market against the backdrop of what analysts Bank of America-Merrill Lynch lowered their expectations for the shares of seven companies whose activities are connected to the Internet – eBay, Yahoo,, Expedia, Digital River, and Google . Changing expectations due to uncertainty about how to affect the financial results of these companies strengthen the dollar. Bidders did not fail to take a call to action – eBay shares are traded in the red at 1%, and – a decrease of 2,3%. Stocks deep drillers came under a sale against the backdrop of what Goldman Sachs analyst downgraded the sector to “attractive” to “neutral” – Perspectives extension of the moratorium on deepwater drilling put pressure on the quotes in the industry. Transocean shares have fallen by 8,3%, while Diamond Offshore Drilling – by 5,1%. The world’s largest manufacturer of glass for flat screen TVs Corning was one of the leaders in growth in the broad market index – the shares have risen by 4,9% against the background of what analysts Sanford C. Bernstein raised its rating to “market level” to “better market.”

Ukrainian Globalist
2010-06-08 16:41, Economics.

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