Dow Jones Industrial Average: a sudden rise sets new records

Dow Jones Industrial Average went for bulls

In brief: Dow Jones Industrial Average began bargaining with unexplained growth. Bulls gave the Dow Jones excellent support at the start.

Dow Jones Industrial is growing rapidly and violently. Investors believed in the Dow Jones Industrial Average at the start of trading and keep the bullish trend on the U.S. stock market. At the opening of stock trading in the U.S. 9 June 2010. expected growth of leading indexes, as evidenced by the dynamics of futures on stock indicators.

However, some impact on investor sentiment can have a depressing statement by the International Monetary Fund (IMF) that economic risks “have increased significantly. In addition, the statement noted that the recovery of the economies of developed countries is rather low. In the “minus” can open a tender for one of the largest U.S. bank Goldman Sachs Group Inc. Today has been extended a message stating that the talks of representatives of a financial institution with one of the Australian hedge funds, which invested $ 100 million in the infamous derivatives, secured by mortgage securities, are unsatisfactory. But the general background for the opening of trading is very positive. Thus, the beneficial effect on the course of the trading session may affect news, which came from China. Unnamed government sources reported this morning that the country’s export of data for May 2010. on an annualized basis grew by 50%, resulting in a rise in prices for metals, including copper. Thus, we can expect that in the early exchange session in the Green Zone will be traded shares of commodity companies. This trend may spread to the stock prices of aluminum giant Alcoa Inc. mededobyvayuschey and Freeport-McMoRan Copper & Gold, gold mining company Barrick Gold Corp. and Newmont Mining Corp., one of the largest U.S. steel companies USSteel Corp. Also today, oil prices rose to a peak level during the three trading days – the average increase was 0,5%, which may have a positive impact on quotations of oil companies. Thus, trades may occur in the “plus” for the oil giant Exxon Mobil Corp. and its rivals ConocoPhillips and Chevron Corp. May also rise in price securities oilfield services company Schlumberger. Investors also pay attention to the progress of European trading, which add up favorably for a number of American companies. For example, Texas Instruments shares on stock trades in Germany grew by 3.1%, which may arouse interest in shares of the company and U.S. investors. Players can be active in relation to securities of U.S. companies Allscripts, which creates software for business health. Today, it announced plans to buy its competitor, the company Eclipsys, for 1.3 billion dollars, which would guarantee Allscripts leading position in its market sector. In addition, investors will await the speech of Head of the Federal Reserve System (FRS) the USA Ben Bernanke to the Budget Committee of the House of Representatives. It quotes futures for the Dow Jones index rose by 14 points (0.14%), the index of Nasdaq – by 1.5 points (0.08%), the index S & P – 0,9 points (0.08 %).

Ukrainian Globalist
2010-06-09 13:33, Economics.

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