The stock market today: Why the Dow is going down?

The stock market today - DJIA is falling

In brief: The stock market is going down today, cause of the new bad U.S. data.

The stock market today turned red. Dow Jones Industrial continues to lose its point by point. The level of support for Dow Jones Industrial continues to fall against the backdrop of negative data from the various sectors of the economy. DJIA is 10,288.46 points at the moment. The overall DJI loses are 5.06 (-0.05%).

Bad data came from the U.S. automotive market: Ford Motor Company is planning to suspend the provision of discounts in Europe, despite the loss of market share in this region and the ending of “cash for old car.” According to the European Automobile Manufacturers’ Association, the share of Ford Motor in the European market dropped to 8.7% in the first five months of 2010 from 9,0% a year earlier. The company’s sales in the Old World is projected to fall in 2010 to 14 million vehicles, compared with 15.9 million in 2009 Discount Ford dealers in May averaged 10.9% of the original price.

Ukrainian Globalist
2010-06-23 19:10, Economics.

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