The stock market today: The DJIA could grow rapidly by the end of trading

The DJIA continues to be red

In brief: The stock market today: Dow Jones Industrial is located in the red zone, but trying to get into the green zone.

U.S. stock market opened with heavy losses for the Dow Jones Industrial today. Dow Jones Industrial trying to recover at 10,081.47 points, losing points or -72.96 -0.72%. In the first minute of trading The DJIA has fallen off to 1.2% to 10,035.98 points, the S & P 500 lost 1%, having fallen to a mark at 1,060.49 points, Nasdaq index has fallen in price on 1,5% to 2,165.29 points.

The vast majority of the shares in the index Dow (29 out of 30) opened the session assured the fall. The only exception was the action McDonalds, the grown on 0,1%. On the contrary, the worst results were recorded by IBM shares – 4,9%. Today the company has published quarterly reporting, which are not arranged investors. Despite the fact that earnings per share was better than expected, revenues increased by less than expected amount. Thus, the net profit in II quarter was $ 2.61 per share versus $ 2.32 in the paper a year earlier and $ 2.58 projected by analysts. At the same time, quarterly revenues increased by 2% to $ 23.7 billion at the average expectations of $ 24.2 billion

Ukrainian Globalist
2010-07-20 16:13, Economics.

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