Dow Jones Industrial Average: collapse is canceled, bulls are waiting for new records, but danger remains

The level of support Dow Jones Industrial Average will fall on the background of the banking negative.

In brief: Soaring Dow Jones Industrial Average index drove the bulls with the U.S. stock market in the first half of the trading session, but the situation is changing.

Growth of Dow Jones was suddenly stopped by bad news from U.S. Bank. The level of support for the Dow Jones Industrial Average from the bulls began to decline sharply. At the time Dow Jones Industrial Average is at 10,107.53 points mark. After growing at 2.4% in early trading, the index shows an overall increase in +208.28 points (2.10%).

So, bad news from U.S. Bank: The bank Citigroup has not found enough buyers for its portfolio of loans retailers. Soglsano latest data, Citigroup has trouble attracting buyers for $ 50-billion loan portfolio of credit card retailers. It is reported that this process can take years. Customers are now reluctant to acquire any assets on credit cards, because now regulators are reviewing the rules for the industry, making it difficult to forecast profits.

Igor Tringlers
2010-06-10 15:02, Economics.

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