Dow Jones Industrial Average: ups, collapse and ghostly future

Dow Jones Industrial: buyers are beginning to record profits

In brief: Dow Jones Industrial Average: Bulls rebuff bears in the middle of the session. The level of support for Dow Jones remains quite high.

Bidding for the Dow Jones Industrial Average at the U.S. stock market did not bring fun today. The first half of the trading session was marked by positive mood, but the danger remains. High levels of negative forces yesterday bulls make up the steps carefully. Dow Jones Industrial Average is at 10,316.20 mark, the level of today’s gains is +125.31 (1.23%). We must recall that yesterday the U.S. stock market was uneasy:

On Monday, 14 June, the American stock market by the end of the trading session resets intermediate winnings against the news that Moody’s has downgraded the rating of state bonds Greece to “trash”. Macroeconomic statistics for the United States on Monday was not, so all the attention of American traders had been directed to the external news and technical factors. The external background, in fact, has been mixed: trading in Asia as a whole took place in a positive manner, although the closure of the major indices went into a small minus, European markets managed to finish the session in positive territory thanks to a sure surpassed expectations data for industrial production of the eurozone. Thus, to respond to the downgrading of Greece had only the American market. Following the session indicator of blue chips Dow Jones Industrial Average fell by 20.18 points or 0.20% to 10,190.89 points in the index of the broad market Standard & Poor’s 500 fell by 1.97 points or 0.18% to 1,089 mark , 63 points, and the index of high-tech Nasdaq Composite left in plus on 0,36 points or 0.02%, and reached the mark of 2,243.96 points. In the commodity futures market, the July crude oil on NYMEX Light rose by 1,8% to a level of $ 75.12 per barrel. Gold for delivery in June at the COMEX has fallen in price on 0,5% to a level of $ 1,223.30 per troy ounce. In currency trading the dollar weakened against the euro and the yen. In the composition of the index of blue chips about one-third of papers completed the session with positive change, in particular, shares of AIG jumped to 5,7%, International Paper – by 3,1%, and Intel and Caterpillar added to 1,2-1,3%. The loss of more than 1% shares suffered Bank of America, DuPont, GE, JPMorgan and Wells Fargo. Branches in the context of a broad market index with an increase in traded sector, retail, entertainment and utility services, as well as the automotive industry, the market looked worse than the financial sector and the chemical industry (the loss of more than 1%). At the same time during the session the financial sector index, S & P 500 added more than 1%. Manufacturer of flash memory cards SanDisk advanced by 6,1% against the background of appearing in a number of world news positive comments and ratings on the company’s profits. In the absence of significant news or corporate reporting bidders paid attention even to the comments of a small consulting and investment firms for various securities. For example, shares of Select Medical Holdings jumped 7% for no apparent reason other than to increase their ranking by analysts Robert W. Baird & Co; California Bank East West Bancorp left in plus on 6,8% after analysts Keefe Bruyette & Woods raised the rating of its securities on the market level “to” better market. “

Igor Tringlers
2010-06-15 17:06, Economics.

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