U.S. stocks today: Nasdaq, S & P 500 and DJIA will rise to record highs

The high level of support for bulls guarantees growth for S & P 500 and DJIA

In brief: Nasdaq Composite, Standard & Poor's 500 and the Dow Jones Industrial Average will rise sharply in early trading.

Dow Jones Industrial Average will start the day with a steady growth with the overall positive market. DJIA amounts to 9,732.53 points at the opening of tenders. At the opening of stock trading in the U.S. on July 2 is expected to increase leading indexes. This is evidenced by the dynamics of futures on U.S. stock indicators. Quotations of futures on the Dow Jones index rose by 2 points (0.02%), the index of Nasdaq – on 3.25 points (0.19%), the index S & P – 0,9 points (0.09%).

It is expected that the market during the trading session win back losses the previous day due to unfavorable economic statistics. In general, today the U.S. stock trading will take place at a favorable external background: trading floors in Europe opened in “plus”, the Japanese Nikkei fell only slightly. Investors’ attention will be focused on the events in the national economy, which is expected to announce two important reports. Prior to the beginning of the trading session will be published data from the Ministry of Labour of the country in terms of unemployment in the U.S. in June 2010. (Analysts predict the value of this indicator at the level of 9,8%). At 18:00 Moscow time data from the Ministry of Trade will appear on the volume of industrial orders in May of this year (Forecast – a decline of 0,5%). Quotes of the banking sector (Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, Goldman Sachs), highly sensitive to macroeconomic news, the plan will respond to reports of the ministries in the first place. An impact on the trading session may have information that the board of directors of British companies Chloride Group Plc., Generating an uninterrupted power sources, has approved the sale of the business of the American engineering company Emerson Electric Co. for 997 million pounds (1.21 billion euros). According to a statement issued today a press release, the British company, the decision guidance Chloride taken on the basis of an anonymous vote. It is worth noting that in the area of mergers and acquisitions activity is observed today. According to unofficial sources, one of the world’s largest pharmaceutical companies in the French Sanofi-Aventis SA (Whose shares are traded including the NYSE) plans to hold a deal to buy U.S. business $ 20 billion This was reported sources close to the deal. On the ambitious plans of the pharmaceutical giant became known after a meeting of the Executive Director of Sanofi-Aventis Chris Fihbahera with board members this week. The object of interest of French companies are not reported.

Anrey Torbinski
2010-07-02 12:33, Economics.

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