Alcoa helps Dow Jones Industrial Average to grow rapidly

Dow Jones Industrial Average spurt up

In brief: Dow Jones Industrial Average starts to grow even faster. New Hope gives the U.S. market.

U.S. stocks are going straight to the new highs at the new weeks’ beginning. The Dow Jones Industrial Average gained 42.85 or 0.42%, to 10,253.92, lifted by gains in shares of aluminum giant Alcoa. Very high level of support for the Dow Jones Industrial Average from the bulls bears no chance to fight. Trading volumes are growing by the minute.

At the same time bad news are coming from Asia. The Chinese manufacturer of wind turbines Xinjiang Goldwind Science & Technology canceled a plan to place shares in Hong Kong in the amount of HK $ 9,09 billion ($ 1.2 billion). The reason for cancellation of plans is probably the intention of a number of large investors to miss IPO Goldwind and draw all the attention on the IPO Agricultural Bank of China in Shanghai and Hong Kong.

Igor Tringlers
2010-06-14 15:18, Economics.

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