Dow Jones Industrial Average isn’t ready for the new bearish attack

Buyers can not find weaknesses of bears on Dow Jones Industrial

In brief: Bears begin to build capacity for a new attack on the ranks of the bulls on Dow Jones Industrial Average.

Bearish trend rules at the U.S. stocks today. Dow Jones Industrial Average remains on shaky position, floating between the green and red zone. Talking about the growth of the U.S. stock market is difficult, because the overall trading volumes remain low. Dow Jones index is at around 10,440.21 points, losing -2.20 points. At the same time, the dollar index declines by 0.06%, gold and silver are traded in positive territory at 0.5% and 0.9% respectively, industrial metals and energy prices show mixed dynamics.

So, what happens with DJIA today… In the composition of the index of blue chips are added and retreating about equally. In plus more than 1% of traded shares of Johnson & Johnson, Kraft Foods, Merck, Microsoft, Yahoo and others. Losses to within 1% traded Alcoa, Home Depot, McDonalds, Travelers. Branches in the context of a broad market index, is clearly preferable look-tech sector and health, the market looks worse car industry, the municipal sector, the sphere of entertainment. The rise in the sector of the hi-so today is largely related to Apple – the company’s shares went up by 1.8% thanks to positive comments from analysts at Deutsche Bank about the demand for the iPhone and iPod. Cruise operator Carnival Tour traded in a minus on 2,5% after the publication of the forecast of financial results for the third quarter, disappointing Wall Street. Companies involved in contamination of the Gulf of Mexico, today came under a sale on the background of the aroused fears that the approaching hurricane season could disrupt the activities to eliminate leakage. Transocean shares retreated on 1,6%, Anadarko Petroleum – by 0,7%. Papers BP at auction in New York lost more than 2%.

Ukrainian Globalist
2010-06-22 17:48, Economics.

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