Dow Jones Industrial Average: the way up and the threat of collapse

Dow Jones Industrial Average climbed to a mark of 10.350

In brief: Strong support from the industrial statistics and the good news from other branches of the U.S. economy closer Dow Jones Industrial Average to a record.

The threat of collapse is becoming unreal on the background of positive statistics from the U.S. and some European countries. The level of support Dow Jones Industrial Average is greater in the second half of the trading session. Dow Jones is at the maximum elevation of 10,335.47 points. The task of the bulls is not simple – keep the Dow Jones at the level of higher than 10.350 points. Now the growth rate index is +144.58 (1.42%).

U.S. stock trading opened today, the growth indexes on the background of increased growth in industrial production in neighboring New York areas. At the same time came the bad news: according to a report analyst firm Redbook Research, which takes into account indicators of the order of 9.000 stores, sales at U.S. retailers from 1 to 12 June fell by 0.5% over the same period in May, sales in retail chains for the week ending June 12, rose at an annual rate to 2.7%.

Ukrainian Globalist
2010-06-15 17:41, Economics.

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